SpiceJet may place large order for Boeing 737 MAX aircraft

Tags: Spicejet, News
No-frill carrier SpiceJet may place a large order to acquire Boeing 737 MAX aircraft

RELATED ARTICLES

in the next couple of months as part of a major expansion plan, industry sources said today.

The airline has been in talks with the US aircraft manufacturer for the past few months, sources close to the development said, adding that SpiceJet could sign an agreement with Boeing to acquire 40 of these next-generation planes worth about USD four billion according to the list prices.

However, when contacted, a SpiceJet spokesperson said, "We have no comments to offer at this point in time."

The airline currently operates a fleet of 42 Boeing 737- 900s and B-737-800s, besides 15 Bombardier Q-400s. It has more than 360 daily flights to over 55 destinations, including 10 international ones.

Industry sources said media baron Kalanithi Maran-owned carrier's plans to double its fleet was part of a massive expansion programme to take on growing competition, not only from its long-time competitor IndiGo, but also from the start -up carrier AirAsia India which, like SpiceJet, is also based in South India.

AirAsia India is likely to launch operations from the summer schedule starting April.

While IndiGo is inducting Airbus A-320 aircraft almost on a monthly basis, the other no-frill airline GoAir has also placed orders for 72 A-320neo planes. Both these airlines, besides the low-cost start-up AirAsia India, are likely to give tough competition to SpiceJet, the sources added.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Banks might be bracing for intense rate war for retail loans

    While select small banks have been slashing their deposit rates by five to 10 basis points over the past few weeks for short term adjustments to avoid

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

<b>Riskfactor</b>: Intertemporal choices

Intertemporal choice is the study of the relative value people ...

Parvez Imam

Why we all have blood on our hands

What does the Jammu and Kashmir flood make us think? ...

Dharmendra Khandal

The peculiar possibilities of animal poop

You can tell a lot about an animal by its ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture