Jet Airways places new order for 75 additional Boeing 737 MAX aircraft

Jet Airways places new order for 75 additional Boeing 737 MAX aircraft

Our new order for the additional 75 Boeing 737 MAX aircraft will allow us to deliver a differentiated and world class customer experience to our guests. This would make it the second order of this size for the aircraft that Jet has placed in as many years.

Boeing's website shows the average price of a Boeing 737 MAX 7 as $96 million, while a Boeing 737 MAX 10 costs around $129.9 million. The Indian carrier was in talks with planemakers to buy 75 to 100 single-aisle jets in the fiscal year through March 2018, chief executive officer Vinay Dube said in October.

"These aircraft perfectly fit ALC's and our airline lessees' growing need for additional 737 Max 8 aircraft".

The airline had earlier finalised an order for 75 Boeing 737 MAX planes and Wednesday's announcement takes the total order to 150.

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The 737 MAX is a redesigned version of Boeing's immensely popular 737 platform.

The 737 MAX can seat between 130 and 230 passengers, depending on the variant. SpiceJet Ltd. has ordered more than 200 narrow-body aircraft from Boeing, while market leader IndiGo, operated by InterGlobe Aviation Ltd., is the biggest customer for Airbus SE's A320neo jets. It has received about 4400 orders so far, with an estimated 86 deliveries.

Shares of Jet Airways declined 1.55 per cent to close at Rs 604.35 on BSE on Wednesday.

Air Lease has firmed up an order for eight additional Boeing 737 Max 8 aircraft, valued at nearly $939 million at list prices. In January, domestic passenger traffic rose by 17.9% year on year, marking the 41st straight month of double-digit growth, according to data from the International Air Transport Association.

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