Overview:
- Indian low-cost airline, SpiceJet, plans to purchase 100 new MAX 737 aircraft from Boeing with an option for 50 extra.
- The deal is worth $22 billion at catalogue price. However, airlines usually negotiate a substantial discount on the list price.
- The transaction might become the largest Indian aviation deal once completed.
- SpiceJet placed its first order with Boeing in 2005 and the airline is an all-Boeing jet operator.
- Boeing is represented by its in-house team.
Wai Yee Tsang - Journalist - Asia Pacific