HANOI : Vietnam's Bamboo Airways will sign a deal valued at nearly US$2 billion with General Electric to purchase GEnx engines to power Boeing 787-9 Dreamliner aircraft, the airline said on Tuesday.
The GEnx engines, due to be delivered in 2022, will be used on the airline's wide-body Dreamliner fleet to operate planned non-stop routes between Vietnam and the United States, the company said. The airline said it will open a representative office in the United States and sign agreements with San Francisco International Airport and Los Angeles International Airport this week, paving the way for its first test of a non-stop flight between the countries on Thursday.
GE will pay no taxes on this income. In fact, last year their corporate tax rate was NEGATIVE 9%… so US citizens pay GE to exist. ;-(
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