Sunday, May 20, 2018

India's Jet Airways planning follow-on deal for Boeing 737 Max

Jet Airways India is closing in on a new order for Boeing Co.’s 737 Max single-aisle plane that could take its commitments for the model above 200 aircraft.

India’s biggest full-service airline is in talks over the purchase and may make an announcement in coming weeks, chairman Naresh Goyal said in an interview. He didn’t specify how many planes the company aims to buy, though Jet’s previous two orders for the model have been for 75 aircraft apiece.

While the existing contracts have been for the smallest Max 8 variant of Boeing’s re-engined workhorse, Jet has the ability to upscale to the Max 9 or 10 and the new deal will have the same flexibility, Goyal said in Manchester, England, after announcing his company’s first flights to the city.

Mumbai-based Jet is expanding its fleet as India’s leading carriers compete for traffic in the world’s fastest-growing major aviation market. SpiceJet Ltd. has ordered more than 200 narrow-body aircraft from Boeing, while market leader IndiGo, operated by InterGlobe Aviation Ltd., is the biggest customer for Airbus SE’s rival A320neo plane.
20/05/18 Bloomberg/Arabian Business

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