根据法院命令，英国高等法院已批准一项全球资产冻结令，范围涵盖越南廉价航空公司越捷航空在越南境外持有的资产，以处理该公司欠飞机出租商FW Aviation（简称FWA）超过2.5亿美元的债务。
The UK High Court has granted a worldwide freezing order covering assets held outside Vietnam by budget carrier VietJet Air in connection with a debt of more than $250 million owed to aircraft lessor FW Aviation (FWA), according to a court order.
FWA是总部位于英国的FitzWalter Capital的关联企业，该公司管理着投资于不良信贷资产的基金。在越捷航空未能按时支付四架空客A321飞机的款项后，该公司于2021年10月从最初的银行贷款机构手中买下了这笔未偿还贷款。
FWA is an affiliate of UK-based FitzWalter Capital, which operates funds investing in distressed credit assets. The firm bought the outstanding loans from the original bank lenders in October 2021, after VietJet fell behind on payments for four Airbus A321 aircraft.
尽管债务已膨胀至超过2.5亿美元，但截至2025年5月19日，越捷航空仅支付了200万美元。
While the debt has swollen to over $250 million, VietJet has paid only $2 million by May 19, 2025.
法院命令写道：“尽管越捷航空表面上财务状况良好且具有盈利能力，这使得它能够订购价值数百万美元的新飞机，但它几乎没有偿还任何判决债务。”
“Despite its apparent financial health and profitability, which enable it to order many millions of dollars of new aircraft, VietJet has paid virtually no part of the judgment debt,” the court order wrote.
诉讼程序显示，FWA将越捷航空定性为一个“不愿支付”而非“无力支付”的债务人。
FWA has characterised VietJet as a debtor that “won’t pay” rather than one that “can’t pay”, according to the proceedings.
这场纠纷还集中在试图在越南和其他司法管辖区执行该判决的努力上。法院命令指出，越南法院拒绝承认该判决，而在其他地方的执行努力也遭到越捷航空的抵制。
The dispute has also centred on efforts to enforce the judgment in Vietnam and other jurisdictions. The court order noted that a Vietnamese court had refused to recognise the judgment, while enforcement efforts elsewhere had also faced resistance from VietJet.
FWA的律师辩称，越捷航空参与了一些安排，可能使资产超出债权人的触及范围，并阻碍追偿债务的努力。他们指控，越捷航空此前给出的保证——即它正在寻求筹集资金偿还债务，且没有采取将资产转移至无法触及地带的措施——已不再可信。
FWA’s lawyers argued that VietJet had engaged in arrangements that could put assets beyond the reach of creditors and frustrate efforts to recover the debt. They alleged that assurances previously given by VietJet—that it was seeking to raise funds to repay the debt and was not taking steps to move assets out of reach—were no longer credible.
根据法院文件，一个关键问题是越捷航空将其飞机订单簿下的合同和经济权利转移给了在开曼群岛注册的关联实体亚洲控股有限公司（Asia Holdings Limited）。
A key issue is the transfer of VietJet’s contractual and economic rights under its aircraft order book to a related entity incorporated in the Cayman Islands, Asia Holdings Limited, according to the court documents.
诉讼程序中形容，涵盖300架飞机的订单簿从国际执行的角度来看是越捷航空最宝贵的资产。然而，越捷航空声称这是例行的航空商业行为。
The order book, covering 300 aircraft, was described in the proceedings as VietJet’s most valuable asset from the perspective of international enforcement. VietJet, however, claimed that it was regular aviation business conduct.
这家越南航空公司目前运营约110架喷气式飞机。该公司是一家上市公司，市值为38亿美元。
The Vietnamese airline currently operates about 110 jets. It is a listed company with a market cap of $3.8 billion.