- VietJet was hit with a worldwide asset freeze by the High Court of England and Wales.
- The freezing order covers up to $251.6m (€231.5m) in assets.
- The dispute relates to unpaid lease fees on four Airbus A321 aircraft.
- The judgment debt has swelled to approximately $250m (€230m).
- VietJet is continuing flight operations.
VietJet Aviation Joint Stock Company has been hit with a worldwide asset freeze by the Commercial Court of the High Court of England and Wales. The global freezing order granted on 15 October 2026 covers up to $251.6m (€231.5m) in assets. The order follows the carrier’s prolonged refusal to settle judgments related to an aircraft leasing dispute.
The dispute originated in 2021 regarding unpaid lease fees on four Airbus A321 aircraft during the COVID-19 pandemic. VietJet allegedly halted lease payments but continued flying the aircraft for roughly a year. The judgment debt has swelled to approximately $250m (€230m) due to accumulating interest and legal fees.
The judge determined there was a real risk of assets being moved out of reach. Evidence indicated VietJet was transferring valuable economic rights from its 300 aircraft order book to a Cayman Islands incorporated shell company. The airline is continuing flight operations with no indication that consumer flights are currently disrupted.
