Boeing delivers 1st 737 MAX airplane to SpiceJet

Boeing [NYSE: BA] has announced the delivery of the first 737 MAX 8 to Indian carrier SpiceJet, the company said.

The airline plans to use the 737 MAX to expand and standardize its fleet, while leveraging the super-efficient jet to reduce fuel costs per airplane by USD 1.5 million a year.

This is the first of up to 205 737 MAX airplanes SpiceJet has announced with Boeing. The new and improved single-aisle airplane will help SpiceJet lower its emissions output, which is a key initiative for the carrier as it looks to increase regional and international routes.

The 737 MAX 8 is part of a family of airplanes that offer about 130 to 230 seats and the ability to fly up to 3,850 nautical miles (7,130 kilometers) or nearly eight hours of flight. For SpiceJet´s full fleet of up to 205 airplanes, the MAX will emit up to 750,000 fewer metric tons of CO2 and save up to 240,000 metric tons of fuel per year, which translates to more than USD 317 million in cost savings annually*.