SpiceJet orders 42 Boeing 737 MAX 8s

13 March 2014

Boeing (NYSE: BA) and SpiceJet said they have announced an order for 42 737 MAX 8s, previously listed as unidentified on the Boeing Orders and Deliveries website, valued at USD4.4bn at list prices.

“SpiceJet greatly values the ties we have built over the years with Boeing. The Boeing Next-Generation 737 aircraft, the mainstay of the fleet ever since SpiceJet started operations, have vindicated our choice by their endurance, reliability and cost effectiveness,” said S.L. Narayanan, Group CFO for The Sun Group. “The induction of Boeing 737 MAX will further modernize our fleet, improve customer experience, and ensure that we operate the most efficient fleet well into the future.”

“The order is a tremendous endorsement of the 737 MAX´s unsurpassed fuel efficiency,” said Dinesh Keskar, senior vice president of Asia Pacific and India sales, Boeing Commercial Airplanes. “The capabilities of the 737 MAX supports SpiceJet´s mission to become India´s preferred low-cost airline. We are very proud to be partners with SpiceJet and a part of the airline´s continued success with the addition of the 737 MAX.”

SpiceJet has ordered 90 airplanes directly from Boeing, which includes the 737-800, 737-900ER and now the 737 MAX. To date, SpiceJet has taken delivery of 31 of the airplanes.

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