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Low cost carrier SpiceJet has signed a memorandum of understanding with Boeing for 40 737 MAX airplanes at the 2017 Paris airshow which kicked off today. The deal, valued at $4.74 billion at current list prices, includes 20 new orders for 737 MAX 10’s and converts 20 of the carriers existing MAX 8 orders to MAX 10’s.
With this order Spicejet will currently become the third largest customer for the 737 MAX with 175 737 MAX’s on order. The carrier is due to receive it’s first 737 MAX in 2018.
Boeing launched the largest version of it’s 737 MAX line up today morning at the show with the announcement that the type had 240 orders from 10 customers.
Ajay Singh, Chairman and Managing Director, SpiceJet
“As a Boeing 737 operator and current customer of the 737 MAX, we are proud to be a part of the launch of the 737 MAX 10 and to be the first airline in India to order the newest version of the 737, which will enable us to maximize revenue on our dense routes while having a lower unit seat cost, With the introduction of our 737 MAXs next year, we will be able to further expand our network, while keeping our costs low for our customers.”
For an interesting analysis of the 737 MAX 10, read this article written by Vinay Bhaskara.
