Jet Airways says to buy additional 75 Boeing 737 Max jets


© Image Jet Airways

According to reports, India’s Jet Airways and Boeing have agreed in principal on a nearly 9 billion dollars aircraft order. The order is for 75 Boeing 737 MAX aircraft.

With this latest order Jet Airways now has over 220 narrowbody aircrafts on order for delivery in the coming years. This is all part of Jet Airways’ rapid expansion in the world’s fastest-growing major aviation market.

Mumbai-based Jet Airways and It’s India based competitors are massively expanding their fleets as demand for domestic flights in India surges. Rival SpiceJet Ltd. has ordered more than 200 single-aisle aircraft from Boeing, while market IndiGo, operated by InterGlobe Aviation Ltd., is the biggest customer for Airbus SE’s competing A320neo plane.

Domestic passenger traffic in India has grown at more than 20 percent annually in the last few years despite a lack of infrastructure and air traffic congestion at some of its busiest airports such as Delhi and Mumbai.

Boeing said in July last year it expected Indian airlines to order up to 2,100 aircraft worth $290 billion over the next 20 years, calling it the highest-ever forecast for Asia’s third-largest economy.

Jet, which didn’t detail which 737 variant it opted for, has historically gone with the best-selling -8 model, though its Chairman Naresh Goyal said last month it has the flexibility to upscale to bigger versions. The carrier also has ten 787 wide-body jetliners on order though the airline may not take the aircraft as it reviews its network. Boeing’s 737 MAX can seat between 130 and 230 passengers, depending on the variant.

Jet Airways presently operates a fleet of over 120 aircraft with roughly 100 being narrowbody aircrafts.

Sources: Reuters