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SpiceJet plans to buy 50 turboprop planes from Bombardier for $1.7 billion

At the current exchange rate, the order will be worth over Rs 10,900 crore

Press Trust of India  |  New Delhi 

SpiceJet
The letter of intent is for 25 Q400 turboprops and purchase rights for an additional 25 aircraft.

No-frills airline on Tuesday announced plans to purchase 50 aircraft worth $1.7 billion (over Rs 10,900 crore) from Bombardier, a day after signing a pact for buying 40 Boeing 737 MAX planes.

SpiceJet, which has drawn up ambitious expansion plans, has signed a letter of intent with Bombardier Commercial Aircraft to buy up to 50 aircraft.



The letter of intent is for 25 Q400 turboprops and purchase rights for an additional 25 aircraft. These are 86- seater planes.

"Based on the list price, the order could be valued at up to $1.7 billion. This would be the single biggest order for the Q400," said in a release.

At the current exchange rate, the order will be worth over Rs 10,900 crore.

"I am delighted to announce this new order for 50 Q400 planes. This order will help us further increase connectivity to smaller towns and cities," CMD said.

The initial pact was signed at the ongoing Paris Air Show.

Civil Aviation Secretary R N Choubey said SpiceJet's latest order will help further take forward the government's vision to provide air connectivity to the common man.

Bombardier Commercial Aircraft President Fred Cromer said that once finalised, the repeat order will increase the Q400 aircraft fleet in the fast-growing market in the Asia-Pacific region and launch the high-density 86-passenger model of the Q400 aircraft in India.

operates a fleet of 35 737s and 20 Q400s.

Since 2010, the airline has taken delivery of 15 Q400 aircraft.

"The airline currently operates 20 Q400 aircraft in a 78 -seat configuration to domestic and international destinations.

"When concluded, this fleet expansion will provide the ability to grow profitably and leverage the robust demand forecast in the world's fastest growing regional aviation market," the release said.

On Monday, had inked an initial pact with Boeing Co for 40 737 MAX planes worth $4.7 billion.

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SpiceJet plans to buy 50 turboprop planes from Bombardier for $1.7 billion

At the current exchange rate, the order will be worth over Rs 10,900 crore

At the current exchange rate, the order will be worth over Rs 10,900 crore No-frills airline on Tuesday announced plans to purchase 50 aircraft worth $1.7 billion (over Rs 10,900 crore) from Bombardier, a day after signing a pact for buying 40 Boeing 737 MAX planes.

SpiceJet, which has drawn up ambitious expansion plans, has signed a letter of intent with Bombardier Commercial Aircraft to buy up to 50 aircraft.

The letter of intent is for 25 Q400 turboprops and purchase rights for an additional 25 aircraft. These are 86- seater planes.

"Based on the list price, the order could be valued at up to $1.7 billion. This would be the single biggest order for the Q400," said in a release.

At the current exchange rate, the order will be worth over Rs 10,900 crore.

"I am delighted to announce this new order for 50 Q400 planes. This order will help us further increase connectivity to smaller towns and cities," CMD said.

The initial pact was signed at the ongoing Paris Air Show.

Civil Aviation Secretary R N Choubey said SpiceJet's latest order will help further take forward the government's vision to provide air connectivity to the common man.

Bombardier Commercial Aircraft President Fred Cromer said that once finalised, the repeat order will increase the Q400 aircraft fleet in the fast-growing market in the Asia-Pacific region and launch the high-density 86-passenger model of the Q400 aircraft in India.

operates a fleet of 35 737s and 20 Q400s.

Since 2010, the airline has taken delivery of 15 Q400 aircraft.

"The airline currently operates 20 Q400 aircraft in a 78 -seat configuration to domestic and international destinations.

"When concluded, this fleet expansion will provide the ability to grow profitably and leverage the robust demand forecast in the world's fastest growing regional aviation market," the release said.

On Monday, had inked an initial pact with Boeing Co for 40 737 MAX planes worth $4.7 billion.
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Business Standard
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SpiceJet plans to buy 50 turboprop planes from Bombardier for $1.7 billion

At the current exchange rate, the order will be worth over Rs 10,900 crore

No-frills airline on Tuesday announced plans to purchase 50 aircraft worth $1.7 billion (over Rs 10,900 crore) from Bombardier, a day after signing a pact for buying 40 Boeing 737 MAX planes.

SpiceJet, which has drawn up ambitious expansion plans, has signed a letter of intent with Bombardier Commercial Aircraft to buy up to 50 aircraft.

The letter of intent is for 25 Q400 turboprops and purchase rights for an additional 25 aircraft. These are 86- seater planes.

"Based on the list price, the order could be valued at up to $1.7 billion. This would be the single biggest order for the Q400," said in a release.

At the current exchange rate, the order will be worth over Rs 10,900 crore.

"I am delighted to announce this new order for 50 Q400 planes. This order will help us further increase connectivity to smaller towns and cities," CMD said.

The initial pact was signed at the ongoing Paris Air Show.

Civil Aviation Secretary R N Choubey said SpiceJet's latest order will help further take forward the government's vision to provide air connectivity to the common man.

Bombardier Commercial Aircraft President Fred Cromer said that once finalised, the repeat order will increase the Q400 aircraft fleet in the fast-growing market in the Asia-Pacific region and launch the high-density 86-passenger model of the Q400 aircraft in India.

operates a fleet of 35 737s and 20 Q400s.

Since 2010, the airline has taken delivery of 15 Q400 aircraft.

"The airline currently operates 20 Q400 aircraft in a 78 -seat configuration to domestic and international destinations.

"When concluded, this fleet expansion will provide the ability to grow profitably and leverage the robust demand forecast in the world's fastest growing regional aviation market," the release said.

On Monday, had inked an initial pact with Boeing Co for 40 737 MAX planes worth $4.7 billion.

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Business Standard
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