Tuesday, April 03, 2018

Jet Airways finalises deal for 75 Boeing 737 Max planes worth $8.7 bn

Mumbai: Jet Airways has finalised an $8.7-billion deal to acquire 75 Boeing 737 MAX planes as the airline plans to launch routes and grow its market share.

The Mumbai-headquartered airline and Boeing signed a purchase contract last week. With the latest deal, Jet Airways will have 150 737 MAX planes on order.
launch routes and grow its market share.

The Mumbai-headquartered airline and Boeing signed a purchase contract last week. With the latest deal, Jet Airways will have 150 737 MAX planes on order.


Jet Airways has a fleet of 120 planes, which include a mix of narrow-body Boeing 737s, turbo-prop ATRs and wide-body Airbus A330s and Boeing 777s. The airline has 83 Boeing 737s, which it uses on domestic and short-haul overseas routes.

Over the last few years, the airline's capacity induction had been modest in comparison to its peers, resulting in a decline in its market share. New orders will enable Jet Airways to strengthen its position. As of February 2018, Jet Airways had a domestic market share of 16.6 per cent.

Jet Airways and Boeing did not respond to e-mail queries. However in a late evening notification, the airline informed the stock exchange it has entered into an agreement with Boeing for purchase of 75 Boeing 737 MAX planes.
03/03/18 Aneesh Phadnis/Business Standard

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