| SpiceJet, Jet, Air-India, Indian buy aircraft, engines worth $3.7 bn.
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| Low-cost carrier Spicejet today signed a $700-million deal for ten aircraft with Boeing, even as Jet Airways and state-owned Air-India and Indian Airlines placed orders worth $3 billion for aircraft engines.
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| General Electric said it had won an order worth more than $2.2 billion from Air-India for engines for the airline's new Boeing 777 and 787 fleets. The company said in a statement that Air-India had placed an order for the GE90-115B engine for eight 777-200LRs and 15 777-300ERs. In addition, the airline has ordered for the GEnx engine to power 27 787-8 aircraft.
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| Indian, as Indian Airlines is called now, signed a deal worth $500 million with CFM International to purchase engines for its newly acquired fleet of Airbus aircraft. The CFM56-5b engine will power Indian's new fleet of 43 Airbus A320 family of aircraft scheduled for delivery between late 2006 and 2010, according to a CFM release.
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| CFM is a 50:50 joint venture between French aeroengine major Snecma and US engine maker General Electric.
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| Last year, Indian had placed a $2.5-billion order with Airbus for 43 planes. The airline recently took delivery of leased CFM56-5b-powered A319s, making it the first A319 operator in India.
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| Jet Airways has selected GE's CF6-80E1 engines to power its 10 Airbus A330-200 aircraft. The order is worth $300 million. The airline is scheduled to start receiving the new aircraft in 2007. Spicejet’s deal was for 10 737 jets from US aircraft manufacturer Boeing, worth $700 million at Asian Aerospace, the world's third-largest airshow.
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| The deal includes an option to buy 10 more aircraft. The purchase is for five 737-800 and five 737-900 models. Deliveries will begin in October 2007 with the handing over of a 737-900. Shipments will continue until 2009.
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| “We are absolutely delighted to be placing a new order with Boeing and we think that this new order reflects the rapid growth in the Indian aviation market,” said Ajay Singh, director of Spicejet.
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| Dinesh Keskar, Boeing's senior vice-president for sales, said he expected the orders to enable Spicejet to increase its market share.
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| Keskar said the 737-800 had 189 seats in an all-economy configuration, while the 737-900 had 215 seats. |
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