Published: Thu, April 05, 2018
Finance | By Kristine Clayton

Jet Airways to buy 75 Boeing 737 MAX

Jet Airways to buy 75 Boeing 737 MAX

It has been revealed in a filing from Jet Airways to the stock exchange that leading United States aerospace manufacturer Boeing will be selling 75 of its 737 MAX aircraft to the Indian airliner in a deal that could be valued up to $9.7bn. This additional order reemphasizes our trust and confidence in Boeing and also reaffirms our commitment to operate extremely modern, reliable and fuel efficient aircraft as part of our fleet.

The additional 75 Boeing 737 MAX models will join Jet Airways' existing fleet that includes a range of models from 737 family, alongside Airbus A330s and ATR 72s. It has ordered for more than 200 aircraft.

Jet Airways, in one of its stock exchange filings late Tuesday, did not indicate if its agreement with Boeing is a formal order or just a non-binding memorandum.

Along with Jet, SpiceJet too has placed orders with Boeing for the 737 MAX.

The November 2015 order included the airline's 2013 announcement of acquiring 50 Boeing 737 MAX aircraft. Today, the airline doubled the number of aircraft on order for a total of 150.

Airline analysts expect Jet Airways and SpiceJet to continue placing more orders over the coming months to meet the growing demand for travel, both within India and overseas.

The 737 MAX has already seen big success with 62 customers and deliveries to airline across the world such as Air Canada, Icelandair, Aerolineas Argentinas, China Eastern Airlines, and Southwest Airlines.

Fleet Flights Analyzer indicates however that orders for 21 737 Max 8s were cancelled at the end of 2017.

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