SpiceJet has signed a memorandum of understanding (MoU) with Boeing 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 operates a fleet of 35 Next-Generation 737s and 20 Bombardier Q400s. The carrier will take delivery of its first 737 MAX in 2018.
SpiceJet was among the first private companies that stepped into the Indian aviation sector. The airline, which has a fleet of 49 planes, operates an average of 342 flights daily.