VietJet Air, a Vietnamese budget airline, has secured an agreement to lease up to 10 Chinese-made C909 regional jets. This deal, financed by a subsidiary of the Shanghai Pudong Development Bank, helps boost the manufacturer's global competition against established Western aircraft giants.

Vietnamese budget carrier VietJet Air has agreed to lease as many as 10 Chinese-made C909 regional passenger jets, giving a lift to their manufacturer’s goal of vying with Airbus and Boeing in overseas civil aviation. VietJet said in a statement on Thursday night it had agreed with SPDB Financial Leasing, a subsidiary of Shanghai Pudong Development Bank in China, to finance the aircraft through operating leases. Commercial Aircraft Corporation of China (Comac) makes the jets that are the subject...