Edition: Global  
One News Page
“Probably the fastest-access news portal in the world”
> >

India's SpiceJet orders 100 more aircraft from Boeing

Duration: 00:35s - Published: < > Embed
News video: India's SpiceJet orders 100 more aircraft from BoeingIndian budget airline SpiceJet says it has ordered an additional 100 planes from Boeing, with an option for 50 more. The aircraft are Boeing’s new MAX 737. The deal is a welcome boost for Boeing in India, where SpiceJet is the US company’s only major customer among the low-cost airlines that now dominate the country’s air industry. Asia, especially India, is a key market for planemakers. Analysts expect passenger numbers to more than triple in Indian over the next 20 years as millions more people become wealthy enough to fly for the first time. Enhanced ability SpiceJet said altogether it has signed a deal to acquire up to 205 planes from Boeing, worth up to $22 billion at list prices, but that total includes 55 jets already announced in a 2014 deal and the possible follow-on order of 50 more. “This is an extremely competitive market,” Ajay Singh, SpiceJet’s chairman, told a news conference in New Delhi. “What this aircraft order does is enhance our ability to be competitive in the future as it helps us reduce costs,” said Singh, whose airline has about 13 percent of the Indian passenger market, while market leader IndiGo has 40 percent. SpiceJet, which was briefly forced to ground its fleet in late 2014 when it ran out of cash, is the fourth-largest Indian airline behind InterGlobe Aviation’s IndiGo, Jet Airways and state-run Air India. SpiceJet’s journey from nearly broke to today’s $22 billion Boeing deal https://t.co/PDkCMn3ifM pic.twitter.com/hIyLp6sSAK— NDTV (@ndtv) January 13, 2017

0
shares
Share on
Facebook
Share on
Twitter
Post on 
Reddit
Share by
Email
 

Recent related news

Hacker reveals how a bug in Air India, ClearTrip, SpiceJet apps could have allowed one to roam the world for free

Ever aspired to take the air route to travel the world, but always ended up with disappointment owing...
BGR India - Technology

Airbus scores big order from Delta

Delta Air Lines last week placed an an incremental order for 30 Airbus A321ceo aircraft - a move that...
bizjournals - Business

Air India plans northeast expansion, to inject more flights

Air India's Chairman and Managing Director Ashwani Lohani will visit three north-eastern states next...
DNA - Money

IAF-Su-30 jet goes missing near Tezpur

A Su-30 MKI fighter jet of the Indian Air Force on Tuesday has lost its radio contact with the ground...
Deccan Herald - Front PageAlso reported by •DNAIndia Today


SpiceJet anniversary sale: Tickets start at Rs 12

Budget carrier SpiceJet is offering air tickets for as cheap as Rs 12. The base fare of Rs 12 does...
IndiaTimes - Sports

IAF Sukhoi Su-30 MKI from Tezpur airbase in Assam goes missing in Arunachal Pradesh; search operations launched

A Sukhoi 30 MK1 aircraft of the Indian Air Force lost radio contact and went off-radar on Tuesday,...
IndiaVision - India

Boeing picks plant for T-X Air Force training jet assembly - if it wins the dogfight (Video)

Boeing Co. plans to assemble the T-X Air Force training jet in St. Louis if it wins the government's...
bizjournals - Business

Whole village of fun and food lined up for Torbay Airshow

Whole village of fun and food  lined up for Torbay AirshowAs well as the spectacular entertainment in the sky, visitors to the 2017 Torbay Airshow can also...
Western Morning News - UK

FlairJet Agrees to Manage Phenom 300 for Surf Air Europe

FlairJet Agrees to Manage Phenom 300 for Surf Air EuropeGENEVA--(BUSINESS WIRE)--FlairJet Ltd, the UK-based aircraft management company, whose parent company...
Business Wire - Press Releases

BJP leader Syed Zafar Islam on Air India's board

BJP leader Syed Zafar Islam has been appointed as an independent director of Air India. The...
Deccan Herald - Business


You Might Like

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2017 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+