SpiceJet has signed an initial agreement with Boeing Co, the US aircraft, for 40 737 MAX planes.

A Memorandum of Understanding (MoU) valued at USD 4.7 billion at current list prices, has been signed at the Paris Air Show.

As per a release, the agreement is split evenly between 20 new orders for the 737 MAX 10 and conversions of 20 737 MAX 8 airplanes from the airline’s existing order to 737 MAX 10s.

Ajay Singh, SpiceJet Chairman and Managing Director has said in a release that “As a Boeing 737 operator and current customer of the 737 MAX, we are proud to be a part of the launch of the 737 MAX 10 and to be the first airline in India to order the newest version of the 737, which will enable us to maximise revenue on our dense routes while having a lower unit seat cost.”

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