SpiceJet, the Delhi-headquartered low cost airline has concluded a firm purchase agreement with Bombardier Commercial Aircraft for purchase of up to 50 Q 400 turbo prop planes valued at a list price of up to $ 1.7 billion.

This purchase agreement is in keeping the Memorandum of Understanding which was signed between the two companies at the Paris air show earlier this year.

This is the single largest order ever for the Q400 aircraft, the company said in a statement

“I am sure this fresh order will further enhance connectivity to smaller towns and cities and help realise Prime Minister Narendra Modi’s vision of ensuring that every Indian can fly,” Ajay Singh, Chairman and Managing Director, SpiceJet said.

Fred Cromer, President, Bombardier Commercial Aircraft added that this repeat order will not only increase the Q400 aircraft fleet in the fast-growing regional market in India and in the Asia-Pacific region but will also launch the high-density 90-passenger model here.

Since 2010, SpiceJet has taken delivery of 15 Q400 aircraft. The airline currently operates 20 Q400 aircraft in a 78-seat configuration to domestic and international destinations.

SpiceJet operates 380 average daily flights to 50 destinations, including 43 domestic and 7 international ones.

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Published on September 29, 2017