Dubai/Paris: Budget airline SpiceJet has agreed to buy around 40 Boeing 737 passenger jets worth over $4 billion at list prices as it seeks to modernize its fleet and climb out of the red, industry sources said on Tuesday.
SpiceJet has placed a firm order for as many as 42 Boeing 737 MAX aircraft that offer fuel savings compared to its existing fleet of current-generation 737s, one source said.
Such an order would be worth $4.4 billion at list prices without adjusting for either inflation or price discounts.
The loss-making carrier, which is looking for new investors, has also negotiated options to buy as many as 42 more jets depending on its future growth, the industry sources said, speaking on condition of anonymity.
A spokeswoman for SpiceJet declined to comment.
Boeing said on Monday that unidentified airlines had placed orders for 164 similar aircraft as it reported its final tally for 2013.
Read News in full 07/01/14 Reuters/Economic Times
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