India’s SpiceJet To Seal $10 Billion Deal With Boeing For 737 Jets: Sources

One America News Network | 11/26/2012 | Staff
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SINGAPORE/NEW DELHI (Reuters) – India’s 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.

Sources - Friday - Press - Announcement

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...
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