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

Summit Air Opens Calgary Base and Adds AVRO RJ-100 Aircraft

CALGARY, AB--(Marketwired - April 20, 2017) - Summit Air announced today that it will be opening an...
Marketwired - Press Releases

Air India flight, business class seat: Shiv Sena MP Ravindra Gaikwad flies again

Barely a month after being grounded for assaulting an Air India staffer, Shiv Sena MP Ravindra...
IndiaTimes - India

SpiceJet issues clarification on warrant against MD

*New Delhi [India], Apr 24 (ANI): Airline SpiceJet Ltd. on Monday issued a clarification on the...
ANI News - India

Cathay Dragon eyes HK$30 billion order of aircraft, raising fleet investment by 50 per cent

Cathay Dragon is targeting a 50 per cent increased investment in single-aisle aircraft as it eyes up...
S.China Morning Post - Asia-Pacific

Gaikwad finally travels with Air India

*New Delhi [India], Apr 20 (ANI): Days after grabbing all eyeballs for assaulting an Air India...
ANI News - India

India should focus more on economic development: Chinese media

India should focus less on speeding up the process of building aircraft carriers to contain China in...
Deccan Herald - WorldAlso reported by •IndiaTimes


New Delhi: Air India flight with 300 passengers on-board grounded due to hydraulic failure

An Air India flight with around 300 passengers on-board was grounded on Wednesday before its...
DNA - India

Air India to hire 80 co-pilots for wide-body Boeing planes

State-owned Air India is hiring over 80 junior pilots for its wide-body Boeing B777 and B787 aircraft...
DNA - MoneyAlso reported by •ANI News


Facebook has over 184 million monthly active users in India; rolls out reactions for Lite app, camera effects for India, and more

India being a country of over 1.3 billion people, it is naturally an important market for any brand...
BGR India - Technology

ATSG Subsidiary PEMCO Wins Three-Year Maintenance Contract with Frontier Airlines

WILMINGTON, Ohio--(BUSINESS WIRE)--Aviation maintenance and engineering company PEMCO World Air...
Business Wire - Press Releases


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+