Bombardier inks $1.7 bn deal with SpiceJet for 50 jets

Bombardier inks $1.7 bn deal with SpiceJet for 50 jets

Canadian aircraft maker Bombardier today signed a pact with budget carrier SpiceJet for sale of up to 50 turboprop jets valued at USD 1.7 billion. Upon delivery, the airline will become the first in the world to operate a 90-seat turboprop, pending certification by regulatory authorities, Bombardier said in a release.

Owned by serial entrepreneur Ajay Singh, SpiceJet had in June this year announced plans to purchase up to 50 Bombardier Q400s worth USD 1.7 billion. “We are very proud to firm up this agreement with SpiceJet. 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,” Bombardier Commercial Aircraft president Fred Cromer said.

He also said the order confirms the airline’s increased capacity needs on regional routes with high passenger demand and demonstrates the increased profitability potential that this unique turboprop configuration has to offer. Currently, SpiceJet has 20 Bombardier Q400 planes in a 78-seat configuration in its fleet besides 35 Boeing 737s. The purchase agreement includes 25 Q400 turboprops and purchase rights for an additional 25 aircraft, the release said.

“I am pleased to confirm SpiceJet’s latest order for up to 50 Bombardier Q400 planes, which has been announced at the Paris Air Show. I am sure this fresh order will help us further enhance connectivity to smaller towns…” Singh, SpiceJet’s chairman and managing director, said.

SpiceJet operates India’s largest regional fleet and has always been a firm believer in the growth story of the country’s smaller towns and cities, he added. The fleet expansion would provide SpiceJet with the ability to grow profitably and leverage the robust demand forecast in the world’s fastest growing regional aviation market, Bombardier said.

The airline had earlier this year placed an order for up to 225 narrow and wide-body jets with Boeing.

About author

TnH Global
TnH Global 4035 posts

Our platform is the most comprehensive, current and accurate content destination for tourism that also offers the opportunity to connect and network with quality buyers and sellers.

Name: TnH Global              Email: admin@tnhglobal.com

You might also like

Travel Trade

Thomas Cook’s domestic business seeing robust growth

Travel services firm Thomas Cook (India) Ltd today said its domestic business is growing at a robust pace of 35-40 per cent, and its share in the total revenue is

Latest

Air India plans Washington DC flight in 2016

Viability study for new route to be undertaken in the coming months, “senior official” reveals Air India’s new route from Delhi to Washington DC is expected to launch before the

Slider

Pokémon: Symphonic Evolutions slated for regional premiere at Mother of the Nation Festival

TCA Abu Dhabi, The Pokémon Company International and Princeton Entertainment present the official Pokémon live orchestral concert Exclusive Main Stage festival performance for show’s debut UAE performance Visitors to this

Slider

Swiss International and IDS Next enters into partnership

Swiss International Hotels & Resorts and IDS Next Business Solutions Pvt. Ltd announced that they have entered into a global agreement. With this partnership, IDS Next Business Solutions Pvt. Ltd

Trending

Indian Railways to roll out aircraft-type bio-vacuum toilets

Stinking and non-functioning toilets on Indian Railways – one of the world’s largest rail networks may soon become a thing of the past. The national transporter is upgrading its bio-toilets to imported

Latest

Sabre named one of India’s 50 best companies to work for in IT & ITeS by Great Place to Work

The research and consulting firm Great Place to Work has named Sabre Corporation (NASDAQ: SABR), to its prestigious list of India’s 50 Best Companies to Work for in IT and

Slider

International journalists toured Mendoza and Buenos Aires

As part of the National Harvest Festival 2017, INPROTUR attended the delegation. The Ministry of Tourism of the Nation, through the National Institute of Tourism (INPROTUR), made a familiarization tour

Latest

IRCTC announces Goa, Jaipur- Agra, Bikaner, Udaipur and Jaisalmer packages

•All packages to begin from Delhi •Mussoorie package rate reduced by Rs 1,000-1,500 Spurred by the enthusiastic response to its string of tour packages, Indian Railway Catering and Tourism Corporation

Trends

UBM India to launch the maiden edition of Food & Hotel India (FHIn) on September 5

90+ Exhibitors, 15 participating countries, 10 International pavilions, and 8 Special Events at India’s truly global B2B show for the Food & Hospitality industry UBM India is delighted to announce

Trending

Singapore to host the Formula 1 World Championship until 2021

Singapore GP Pte Ltd and Singapore Tourism Board today announced that they will continue to host the FIA Formula 1 World Championship for four more years from 2018 to 2021.

Technology

Sabre empowers the travel industry to re-imagine lodging with new aggregator content

New lodging solution will give travel buyers access to more than 900,000 hotel choices via Sabre Sabre Corporation (NASDAQ: SABR), the leading technology provider to the global travel industry, today

Latest

EU adopts a safe list of non-European 15 countries to allow visitors from

The members of the European Union have approved a ‘safe list of non-European countries which are either less affected by the COVID-19 or are witnessing a downward trend in the

0 Comments

No Comments Yet!

You can be first to comment this post!