Wednesday, June 21, 2017

SpiceJet intends to buy up to 50 Bombardier Q400 Aircraft for $1.7bn

India-based airline SpiceJet has signed a letter of intent (LoI) with Bombardier Commercial Aircraft to purchase up to 50 Q400 turboprop aircraft.

Worth around $1.7bn at list prices, the deal includes 25 Q400 turboprops and purchase rights on 25 additional aircraft.

The new aircraft enable SpiceJet to further increase connectivity to smaller towns and cities in India, as well as support the Indian Government’s regional connectivity scheme.

Bombardier Commercial Aircraft president Fred Cromer said: “When finalised, the repeat order will increase the Q400 aircraft fleet in the fast-growing market in the Asia-Pacific region and will launch the high-density 86-passenger model of the Q400 aircraft in India.