Signals, Powered By EquityPandit
SpiceJet has been planning to purchase 50 Q400 turboprop aircraft worth USD 1.7 billion from Bombardier.
A letter of intent has been signed by SpiceJet with Bombardier Commercial Aircraft for buying up to 50 Q400 turboprop aircraft.
The letter of intent that has been signed is for 25 Q400 turboprops and purchase rights for an additional 25 aircraft. These are 86 seater planes.
SpiceJet has said in a release that “Based on the Q400 turboprop list price, the order could be valued at up to USD 1.7 billion. This would be the single biggest order for the Q400.”
Ajay Singh, SpiceJet CMD has said that “I am delighted to announce this new order for 50 Q400 planes…. This order will help us further increase connectivity to smaller towns and cities.”
