India-based low-cost airline SpiceJet has agreed to purchase up to 205 aircraft from US manufacturer Boeing, potentially worth $22bn.
The deal includes 100 new 737 MAX 8s, 13 additional 737 MAXs and an option to buy 50 more jets.
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It further includes SpiceJet's previously placed orders for 42 MAX aircraft.
SpiceJet chairman and managing director Ajay Singh said: "The Boeing 737 class of aircraft has been the backbone of our fleet since SpiceJet began, with its high-reliability, low-operation economies and comfort.
"With the next-generation of 737 and the 737 MAX, we are sure that we can be competitive and grow profitably."
The carrier currently operates 32 next-generation 737 aircraft.
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By GlobalDataBoeing vice-chairman Ray Conner said: "The economics of the 737 MAXs will allow SpiceJet to profitably open new markets, expand connectivity within India and beyond, and offer their customers a superior passenger experience."
Equipped with CFM International LEAP-1B engines, advanced technology winglets and other features, Boeing’s 737 MAX is expected to offer 20% less fuel consumption than the first next-generation 737s.
Last week, Boeing won an order to provide three next-generation 737-800 aircraft to South Korean budget airline, Jeju Air.
The $300m deal is anticipated to help Jeju Air to enhance its position in North-East Asia.
Image: Artist's rendition of a Boeing 737 MAX in SpiceJet livery. Photo: courtesy of Boeing.
