SpiceJet in talks with Boeing, Airbus to acquire 100 new jets for Rs 70,000 cr

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Budget airline SpiceJet is in talks with Boeing and Airbus Group to acquire about 100 new narrow-body jets, a arch financial officer pronounced on Wednesday, in a understanding value about $11 billion, or scarcely Rs 70,000 crore, during list prices.

ReutersReuters

Reuters

SpiceJet wants to buy some-more Airbus A320 and Boeing 737 Max aircraft, Kiran Koteshwar told Reuters. He pronounced a association skeleton to place an sequence by a finish of this financial year and would demeanour to lift uninformed equity or debt to compensate for a planes once it had motionless how many to buy.

“We have to place an sequence so we have a long-term business devise in place. The concentration is now on sizeable growth,” he said.

SpiceJet’s skeleton for enlargement come after India’s second-largest low-cost conduit roughly collapsed late final year, before it was bailed out by new authority Ajay Singh.

Reuters

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