SpiceJet is reportedly set to order 42 Boeing 737 MAX jets. The budget airline has agreed to buy around 40 Boeing jets worth over $4 billion at list prices, a move that could help the loss-making carrier as it seeks new investors.
The airline, controlled by billionaire Kalanithi Maran's Sun Group, is seen as a target for foreign investors after India eased restrictions on investment by foreign airlines.
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.