Jet may order more planes, says Boeing executive


Steady profits recorded in the recent quarters may prompt Jet Airways Ltd to place another large aircraft order, a top official at aircraft maker Boeing Co. said, three months after India’s second largest airline by revenue said it will buy 75 Boeing 737 MAX aircraft for $8 billion.

“Jet is done with their 75. I think what I find is typically, when airlines get profitable continuously – now it’s been three quarters – people feel like okay, I want to do something and I think we are coming to that stage,” Boeing’s Asia-Pacific vice-president Dinesh Keskar said in an interview.

A sharp fall in jet fuel price in the last year has buoyed profits at local airlines, which are preparing to bulk up their fleets.

Jet, founded by Naresh Goyal, announced a rare third-consecutive quarter profit last week. The Rs.467.11 crore profit was also a record quarterly profit for the airline.

Rival IndiGo posted Rs.657.28 crore in quarterly profit, up from Rs.531.56 crore in the year-ago period. SpiceJet Ltd, the third listed airline, also posted a net profit of Rs.238.39 crore in the quarter, its highest ever, against a net loss of Rs.275.02 crore in the year-ago period.


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