In , Vietnam Airlines boosted its stake in the low-cost carrier Jetstar Pacific Airlines to 70%, with Qantas holding the balance. The Vietnamese flag carrier was the major shareholder in Vietnam's second largest airline, but its stake had been transferred to the Ministry of Finance, and subsequently to the Vietnamese State Capital Investment Corporation (SCIC). The carrier's takeover of SCIC's stake in Jetstar Pacific will capitalise the low-cost carrier with  million, an amount that will be directed towards fleet renewal. In late , the aircraft lessor ALC announced the placement of an order for eight Boeing 787-9s, which will be leased to Vietnam Airlines; deliveries are expected to start in 2017. In late , the carrier signed an agreement with Vietnam's Eximbank for a loan worth  million, which the carrier will use to finance the acquisition of four Airbus A321s; a further  million was loaned in April 2013 to finance the purchase of eight Boeing 787s. In a deal valued at  billion, Vietnam Airlines signed a contract with General Electric in for 40 engines to power the Boeing 787 aircraft the airline has on order.