In a bid to modernize its fleet, SpiceJet has reportedly decided to purchase around 40 Boeing 737 passenger jets worth over $4 billion. In this regard, the company has placed a firm order for as many as 42 Boeing 737 MAX aircraft that offer fuel savings compared to its existing fleet of current-generation 737s.
The loss-making carrier, which is looking for new investors, has also negotiated options to buy as many as 42 more jets depending on its future growth.
SpiceJet is India’s most preferred airline delivers the lowest air fares with the highest consumer value. The airline currently operates more than 350 daily flights to over 44 Indian cities and 9 international destinations.