India’s SpiceJet set to order B737s for fleet expansion plan

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India’s SpiceJet (SG, Delhi Int’l) has chosen Boeing (BOE, Chicago O’Hare) for its fleet renewal needs airline sources have told Bloomberg news.

The Indian LCC had previously indicated it was weighing up the A320neo from Airbus Industrie (AIB, Toulouse Blagnac) and the B737 MAX from Boeing for its future growth and expansion needs.

Speaking on condition of anonymity, the sources said the Indian LCC would order “at least” ninety-two (92) B737s with a deal set to be closed within the next few weeks.

At present, SpiceJet operates an in-house fleet of forty-five aircraft including two B737-700s, twenty-two B737-800s, four B737-900(ER)s, and seventeen Dash 8-400s all of which are leased from third-party firms.

In its latest 2015/16 financial report, SpiceJet management said it expected India’s domestic market to continue growing at its current rate of 20% through to year-end following which it will stabilise around 10-12%. Read More…

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