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

Budget airline SpiceJet is in talks with Boeing and Airbus Group to acquire about 100 new narrow-body jets, its chief financial officer said on Wednesday, in a deal worth about $11 billion, or nearly Rs 70,000 crore, at list prices.

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

Reuters

SpiceJet wants to buy more Airbus A320 and Boeing 737 Max aircraft, Kiran Koteshwar told Reuters. He said the company plans to place an order by the end of this financial year and would look to raise fresh equity or debt to pay for the planes once it had decided how many to buy.

"We have to place an order so we have a long-term business plan in place. The focus is now on sizeable growth," he said.

SpiceJet's plans for expansion come after India's second-largest low-cost carrier almost collapsed late last year, before it was bailed out by new chairman Ajay Singh.

Reuters

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Updated Date: Jul 29, 2015 13:24:58 IST