US Prez borrows credit for earlier Boeing-SpiceJet deal

Visiting US president Barack Obama listed US aircraft maker Boeing's finalising a 30-aircraft deal with Gurgaon-based low-cost carrier SpiceJet, but the agreement was actually struck some months earlier. Also, the 12,970 jobs this deal is supposed to create will be staggered, as delivery of the aircraft will be on for four years.
The deal was announced by SpiceJet in July-end at a conference in the presence of Boeing India President Dinesh Keskar. Deliveries for the aircraft are to start from 2014 and end by 2018.
Altogether, Obama, during this trip, has announced $15 billion of deals that will support 53,670 jobs in his country. This included the $2-billion GE-Reliance Power deal for the 2,400-Mw Samalkot plant in Andhra Pradesh, which too was signed earlier, on October 22, though it was "commemorated" on Saturday in the presence of the US president.
Boeing, in a release sent today, said: "Valued at about $2.3 bn at list prices, SpiceJet had declared its intent to purchase Boeing's Next-Generation 737-800 in July this year. This order was previously attributed to an unidentified customer on Boeing's orders and deliveries website."
At present, SpiceJet operates with a fleet of 24 Boeing 737-800 and 737-900 aircraft and will add four in the current financial year.
11/09/10 Business Standard/Sify

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Categories: Foreign Nov 2010, New Nov 2010, spicejet Nov 2010