Hyderabad: The biggest-ever deal of Rs.26,000 crore ($4.4 billion) at an Indian air show was signed between Boeing and SpiceJet as the India Aviation-2014 got off to a flying start here on Wednesday.
The MoU was inked between the two companies in the presence of Civil Aviation Minister Ajit Singh during the inaugural session of the five-day India Aviation-2014 show with SpiceJet placing the order for 42 Next Generation 737 MAX 8 aircraft with Boeing.
Dinesh Keskar, Senior Vice-President of Asia-Pacific and India Sales, Boeing, told reporters that the delivery of the aircraft would begin from 2018. He said 737 MAX was 14 per cent more fuel-efficient and the plane, a variant of the 737-800, came with a new engine and bigger wings. He said the first aircraft would be handed over to South West Airlines in 2017.
S. L. Narayanan, Group Chief Financial Officer, The Sun Group, said the induction of 737 MAX would further modernise the airline’s fleet, improve customer experience and ensure that it operated the most efficient fleet well into the future.
Read News in full 12/03/14 The Hindu
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