JET AIR­WAYS TO BUY 75 BOE­ING 737 MAX JETS

SP's Airbuz - - Newescebnt -

In the first week of April this year, Jet Air­ways en­tered into an agree­ment to buy 75 Boe­ing 737 MAX nar­row-body jets, worth $8.8 bil­lion, to meet pas­sen­ger de­mand which has shown no sign of abat­ing af­ter years of growth. The lat­est agree­ment comes as Indian car­ri­ers rush to ex­pand fleets to meet an ever-in­creas­ing de­mand for do­mes­tic as well as in­ter­na­tional flights, mak­ing it one of the most tar­geted sales mar­kets for Boe­ing and Euro­pean ri­val Air­bus. Boe­ing said in July 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. As per data from the In­ter­na­tional Air Trans­port As­so­ci­a­tion, do­mes­tic pas­sen­ger traf­fic in­creased 17.9 per cent in Jan­uary from a year ear­lier for the 41st con­sec­u­tive month of dou­ble-digit growth.

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