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SpiceJet, Boeing ink mega deal

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The biggest-ever deal of Rs.26,000 crore ($4.4 billion) at an Indian air show was signed between Boeing and SpiceJet as the India Aviation-2014 got off to a flying start here on Wednesday.

The MoU was inked between the two companies in the presence of Civil Aviation Minister Ajit Singh during the inaugural session of the five-day India Aviation-2014 show with SpiceJet placing the order for 42 Next Generation 737 MAX 8 aircraft with Boeing.

Dinesh Keskar, Senior Vice-President of Asia-Pacific and India Sales, Boeing, told reporters that the delivery of the aircraft would begin from 2018. He said 737 MAX was 14 per cent more fuel-efficient and the plane, a variant of the 737-800, came with a new engine and bigger wings. He said the first aircraft would be handed over to South West Airlines in 2017.

Full report here Hindu

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