India's SpiceJet to Buy 205 Boeing Jets Worth $22bn

Indian budget airline SpiceJet will purchase 205 planes worth 22 billion dollars from US manufacturer Boeing, one of the biggest orders ever made by an Indian airline, according to an agreement announced Friday.

    The deal, which includes 100 new 737 Max 8 jets, builds upon an existing order for 55 aircraft, SpiceJet said in a statement. The airline also has purchase rights for 50 additional jets. "With this, the total order of 205 aircraft is valued at 22 billion dollars ... at list prices," SpiceJet said in an emailed statement. 

    "Our turnaround story has been one which has very few parallels in the world today and we are proud of it," SpiceJet chairman Ajay Singh said. The agreement also provided a big boost for Boeing in India.

Source: QNA