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SpiceJet close to confirming 100-plane order
Friday, 23 May, 2016
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Indian carrier SpiceJet said it is in concurrent discussions with both Boeing and Arbus for at least 100 planes.
The company is considering Boeing’s 737 Max and Airbus’ A320neo and plans to place an order within three months.
India’s fourth biggest airline aims to increase its fleet size four-fold.
It currently operates 41 aircraft.
Co-founder Ajay Singh said the airline is now benefitting from low fuel prices with first quarter net profits up three-fold.
Singh previously said its next big aircraft order will likely be placed with a single planemaker.
SpiceJet is also in tentative talks with Embraer, ATR and Bombardier over an order for an additional 50 smaller jets.
India is expected to become the world’s third largest aviation market by 2020 with Boeing and Airbus predicting at least 1,700 new aircraft will be needed to support the growth.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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