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Posted at: Jun 20, 2017, 12:15 AM; last updated: Jun 20, 2017, 12:16 AM (IST)

SpiceJet, Boeing sign pact for 40 737 MAX planes

Tribune News Service

New Delhi, June 19

Low-cost carrier SpiceJet and Boeing today signed an MoU for 40 737 MAX airplanes valued at approximately $4.74 billion at current list prices.

The deal is split evenly between 20 new orders for the 737 MAX 10 and conversions of 20 of the low-cost carrier’s 737 MAX 8 airplanes of its current order to 737 MAX 10s.

“As a Boeing 737 operator and current customer of the 737 MAX, we are proud to be a part of the launch of the 737 MAX 10 and to be the first airline in India to order the newest version of the 737, which will enable us to maximise revenue on our dense routes while having a lower unit seat cost,” said Ajay Singh, CMD, SpiceJet.

“With the introduction of our 737 MAXs next year, we will be able to further expand our network, while keeping our costs low for our customers.”

SpiceJet operates a fleet of 35 Next-Generation 737s and 19 Bombardier Q400s. The carrier plans to grow its operational fleet to 100 airplanes by 2020 and looks to expand regionally with the new 737 MAX family of airplanes. SpiceJet will take delivery of its first 737 MAX in 2018.

“SpiceJet continues to be an aviation leader and strong Boeing partner and we are honoured to have them join 737 MAX 10 launch group,” said Dinesh Keskar, senior vice-president, Asia Pacific and India, Boeing Commercial Airplanes.

About the deal

The deal is split evenly between 20 new orders for the 737 MAX 10 and conversions of 20 of the low-cost carrier’s 737 MAX 8 airplanes of its current order to 737 MAX 10s.

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