SpiceJet commits to buy 40 Boeing 737 MAX planes worth $4.7 bn


SpiceJet commits to buy 40 Boeing 737 MAX planes worth $4.7 bn
  1. SpiceJet commits to buy 40 Boeing 737 MAX planes worth $4.7 bn
    business-standard.com
    Order is for 20 new 737 MAX 10 planes and conversion of 20 of SpiceJet's 737 MAX 8…
    Business

SpiceJet will buy 20 Boeing 737 MAX 10 while converting 20 of their existing 737 MAX 8 order to 10, as it looks to carry more passengers between Indian metros where airports remain congested.   Boeing has launched the 737 MAX 10 as a bigger version of the 737 MAX 9 with increased seating of 230 in a single class configuration. The airline currently operates 35 Boeing 737-800 and 737-900 Next generation planes which have a seating capacity of 212 and 189, respectively.    If the order is finalised, SpiceJet will also become the launch customer for the newest version of aircraft.   “The agreement, valued at approximately $4.74 billion at current list prices, is split evenly between 20 new orders for the 737 MAX 10 and conversions of 20 of the low-cost carrier’s 737 MAX 8 planes of its current order to 737 MAX 10s. The order will be posted to the Boeing Orders & Deliveries website once finalised,” the airline said in a statement. In January, SpiceJet had agreed to buy 100 new 737 MAX with an option of converting 50 into widebody version like the 787 Dreamliner. SpiceJet plans to launch low-cost long-haul service between Delhi- Birmingham from coming winter schedule. Indian airlines looking to take advantage of the growing traffic are increasingly deploying bigger planes among large metros. SpiceJet’s low-cost rival IndiGo has decided to convert its 430 A320 neo order to 20 A321 neo and is looking for more. The A320neo accommodates as many as 189 passengers, while the A321neo carries as many as 240.   “The newest version of the 737, which will enable us to maximise revenue on our dense routes while having a lower unit seat cost,” said Ajay Singh, Chairman and Managing Director, SpiceJet. “With the introduction of our 737 MAXs next year, we will be able to further expand our network, while keeping our costs low for our customers.”   Full-service carrier Jet Airways and Air India have deployed widebody aircraft like Boeing 777s, Boeing Dreamliner 787s, and Airbus A330s to cope with higher traffic and slot…

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    Business-standard.com - Companies
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    Order is for 20 new 737 MAX 10 planes and conversion of 20 of SpiceJet's 737 MAX 8…
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