Vietnamese airline VietJet is allegedly set to pay around $250 million to settle a legal dispute over four leased aircraft, according to two anonymous sources. This comes after British court ordered the carrier to freeze its dealings in assets outside Vietnam.
VietJet’s payment of settlement
Earlier this week, the budget airline arranged the funds to pay FW Aviation, part of the London-based investment firm FitzWalter Capital, and aims to complete the payment by Nov. 13, one of the sources said.
The Vietnamese government encouraged a quick resolution and instructed the airline to settle the debt.
The two anonymous individuals said VietJet was moving to pay as soon as possible.
The airline is also expecting to receive its first Airbus A330neo and A321XLR aircraft in the coming weeks once the lawsuit is settled, the people added.
Court Orders and Lawsuit
The settlement would end a standoff issued by two London courts last month. The orders restrict VietJet’s dealings in aircraft on order and other assets located outside Vietnam.
Under the ruling, VietJet must obtain court permission before dealing with undelivered aircraft, engines, purchase-contract rights, maintenance reserves and lease deposits held offshore. Court-appointed receivers have the authority to take deliveries of new aircraft on the airline’s behalf and bars them from relocating assets into Vietnam.
FW Aviation sought the orders as part of a lawsuit filed in 2022, claiming unpaid rent on four grounded Airbus A321S in Vietnam during the pandemic. The debt has grown to about $250 million, including interest, according to the judgement.
Of that amount, VietJet paid only $2 million in May 2025 – the day before an appeal hearing.
On Oct. 22, another judge appointed two professionals from Alvarez & Marsal as receivers of VietJet’s offshore assets. The order allows them to collect money from the airline’s foreign bank accounts, ticket-sale proceeds, maintenance reserves and lease deposits. They can also redirect aircraft and engine deliveries to themselves or a third party.
VietJet must provide Airbus and 27 other named counterparties with written confirmation of the receivers’ authority.
The order also permits the receivers to seize and sell VietJet’s existing aircraft and take over its offshore subsidiaries.
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