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SpiceJet in $11b Deal

SpiceJet in $11b DealSpiceJet in $11b Deal

SpiceJet Ltd. is in talks with Boeing Co. and Airbus Group SE to buy more than 100 single-aisle jets worth about $11 billion at list prices, in what would be the Indian budget carrier’s largest-ever plane order, Bloomberg reported. The stock rose. The discussions are for Airbus A320neo and Boeing 737 Max aircraft, SpiceJet Chairman Ajay Singh said in an interview Tuesday at Gurgaon, near New Delhi. A deal could be signed during the current financial year, which ends March 31. Carriers in India and China have ordered hundreds of new aircraft in the past decade as an economic boom encourages people in the world’s two-most populous nations to travel more.

 

Financialtribune.com