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SpiceJet planning to buy more than 100 amphibian planes

05 Oct 2017 Evaluate

SpiceJet is planning to purchase more than 100 amphibian planes estimated to cost $400 million. This step has been taken as the no-frills airline is looking to boost regional operations.

With regard to purchase of the up to 14-seater amphibian aircraft that can operate on land as well as on water bodies, the airline major has entered into a Memorandum of Understanding (MoU) with Japan’s Setouchi Holdings.

SpiceJet is among the first private companies that stepped into the Indian aviation sector. The budget airline operates an average of 384 daily flights, with a fleet of 35 Boeing 737NG and 20 Bombardier Q- 400 planes.



Peers
Company Name CMP
Interglobe Aviation 4890.00
SpiceJet 9.82
TAAL Tech 1049.95
Taneja Aerospace 329.70
Global Vectra Helico 135.25
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