Current Affairs
Select Date
Tags:
Hindi

SpiceJet strikes Rs 1.5 lakh crore deal with Boeing for 205 planes

Placing its largest ever aircraft order, SpiceJet on Friday announced it will buy up to 205 Boeing planes worth $22 billion or Rs 1.5 lakh crore at list price. 
●    The low-cost carrier (LCC) increased its existing order of 55 single aisle B 737-8 by 100 to 155 planes. 
●    An additional 50 planes — mix of wide body and B 737s — have been placed as optional order, taking the total to 205.
●    The 155 planes on firm order will be delivered between 2018 and 2024. The list price of firm order of 100 additional planes placed now is $11billion
●    Asked how the airline will fund this aircraft acquisition, Singh said: "There are several options like sale-and-lease-back and Exim Bank open to us. We will opt for the most economic funding route. There will be no dilution of equity and no debt will be raised in coming years for this order."
●    SpiceJet currently has 32 B-737s and 17 regional jets in its fleet. Singh re-acquired the LCC two years back when it was on the brink of closure.