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SpiceJet hits new high on signing pact with Boeing for 40 737 Max airplanes

The stock hit a new high of Rs 128, up 2.4% on BSE.

SpiceJet

SpiceJet hit a new high of Rs 128, up 2.4% on the BSE, after the company and Boeing on Monday signed a memorandum of understanding for 40 737 MAX airplanes. “The agreement, valued at approximately $4.74 billion at current list prices, is split evenly between 20 new orders for the 737 MAX 10 and conversions of 20 of the low-cost carrier’s 737 MAX 8 airplanes of its current order to 737 MAX 10s,” SpiceJet said in a press release. “With the introduction of our 737 MAXs next year, we will be able to further expand our network, while keeping our costs low ...