Thursday, January 12, 2017

SpiceJet to seal $10 billion deal with Boeing for 737 jets, sources say

SpiceJet is set to seal an order for at least 90 new 737 jets from Boeing, two sources said on Thursday, as the low-cost carrier targets an expansion to tap into India's booming air travel market.

The announcement for the 737 MAX aircraft - which includes at least 42 of the narrowbody jets SpiceJet had previously agreed to buy from Boeing in 2014 - is expected as early as Friday when SpiceJet's chairman holds a press event in New Delhi, the sources, who were familiar with the matter, said.

The sources declined to be identified ahead of Friday's press announcement.

An agreement with SpiceJet, which has a current fleet of 40 planes, would be a much-needed boost for Boeing in India, as its rival Airbus has won record-sized orders with IndiGo, India's biggest budget airline, as well as a recent deal with GoAir.

SpiceJet and Boeing did not immediately respond to requests for comment.
12/01/17 Anshuman Daga & Tommy Wilkes/Reuters