India's SpiceJet to Announce Order For 100 Passenger Jets in Next Month, Chairman Says
October 21 2016 - 3:20AM
Dow Jones News
By Santanu Choudhury
NEW DELHI--SpiceJet's chairman said Friday the company plans to
announce an order for up to 100 passenger jets in the next
month.
India's second-largest budget airline is finalizing talks with
Boeing Co. and Airbus Group SE for the multibillion dollar order,
Chairman Ajay Singh said. He said the order will be placed with
either of the two plane manufacturers.
He said the airline wouldn't take on any debt for the purchase
and can make the initial payments for the planes from its cash
accruals.
SpiceJet is also in discussions with Bombardier Inc. and ATR to
order turboprop planes, said Mr. Singh without elaborating.
SpiceJet operates a fleet of Boeing 737 jets and Bombardier Q400
planes.
Write to Santanu Choudhury at santanu.choudhury@wsj.com
(END) Dow Jones Newswires
October 21, 2016 03:05 ET (07:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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