Edition: India  
 
> >

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

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

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


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

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 - Money

Invited Poland to actively join 'Make in India': Hamid Ansari

*Onboard Air India One [India] Apr 29 (ANI): Vice President Hamid Ansari on Saturday said he has...
ANI News - Politics

Karnan’s 'order' bans air travel of CJI, 7 SC judges

The Calcutta high court judge Justice C S Karnan passed an order on Friday directing the Air Control...
IndiaTimes - India

Andhra Pradesh Relies on Earth Networks to Protect Residents from Severe Weather

Andhra Pradesh Relies on Earth Networks to Protect Residents from Severe Weather*Business Wire India*Earth Networks today announced that Andhra Pradesh, the eighth largest state in...
Business Wire India - Press Releases

BGR India News Wrap: Snapchat controversy, Samsung Galaxy S8 launch, Xiaomi Mi 6 launch, and more

One more week in the tech world has come to an end, leaving behind some interesting, some shocking,...
BGR India - Technology

LG celebrates 20 years in India; offers 20% discount on LG V20, free gifts on appliances, and more

LG Electronics is celebrating its 20 year anniversary in the Indian market, and its thanking its...
BGR India - Technology


You Might Like

Environmentally friendly: newsR is hosted on servers powered solely by renewable energy
© 2017 newsR / One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  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