Boeing is close to reaching an agreement for the sale of up 100 Boeing 737 MAX to Indian low-cost carrier Spicejet.
Airbus and Boeing head-to-head for order
Boeing and Airbus went head-to-head to win the order. According to Bloomberg, Boeing is close to signing a deal for 92 Boeing 737 MAX aircraft valued at $10.1B.
The order is an important one for Boeing as Airbus currently dominates the Indian market, one of the biggest markets with the highest growth rates.
In recent years Airbus has sold over 150 aircraft to GoAir and and over 400 aircraft to low-cost carrier Indigo.
SpiceJet currently operates a fleet with 42 aircraft, mostly Boeing 737 aircraft and already has 45 jets on order. The order for almost 100 aircraft should help the low-cost carrier to meet demand.
View AeroAnalysis’ take on the Indian aircraft market here.