SpiceJet $22 billion purchase of 100 Boeing aircraft

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