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SpiceJet orders 40 Boeing 737 MAX 10s

SpiceJet orders 40 Boeing 737 MAX 10s

2017 06 22

2017 06 22

* First Indian airline to order the new aircraft

SpiceJet is to acquire 40 Boeing 737 MAX 10 aircraft at a deal valued at a current list price of $4.74 billion. The actual amount that SpiceJet will pay will be much lower as aircraft manufacturers are known to give heavy discounts for bulk sales. SpiceJet will take delivery of its first 737 MAX in 2018.

The deal, which was inked on the opening day of the Paris air show, saw SpiceJet ordering 20 new Boeing 737 MAX 10 aircraft and exercising the option of converting an order of 20 Boeing 737 MAX 8 aircraft to Boeing 737 MAX 10 aircraft. In January, at the time of signing a deal for 205 Boeing aircraft, SpiceJet had retained the flexibility of converting some of the aircraft ordered to different versions which it exercised on Monday when it decided to purchase 20 Boeing 737 MAX 10 instead of the Boeing 737 MAX 8 aircraft.

The Boeing 737 MAX 10 was launched at the Paris air show and SpiceJet is among the first few airlines globally to order the new aircraft.

“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,” Ajay Singh, Chairman and Managing Director, Spicejet said.

The Boeing 737 MAX 10 is the largest member of the 737 MAX family which is capable of flying 370.4 km further than today’s Next Generation Boeing 737. It can carry 188 passengers in business and economy class seating and up to 230 passengers in a single class configuration.

The latest order will see SpiceJet’s firm order of Boeing aircraft reach 225.

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