Houston Chronicle

Indian airline buying 100 737s

- SEATTLE TIMES

SEATTLE — Boeing has won a new order for 100 737 MAX 8 planes from Indian airline SpiceJet, the companies announced late last week in New Delhi.

A statement said the order was “booked at the end of 2016,” so presumably it was included in Boeing’s count of 534 MAX sales for last year.

The order, with a list price of $11 billion, is worth an estimated $5.1 billion based on market pricing data from aircraft-valuation firm Avitas.

The low-cost airline, which was on the financial brink for two years and is rebounding after a 2015 rescue by co-founder Ajay Singh, also obtained purchase rights for another 50 planes.

In addition, the companies’ announceme­nt cited SpiceJet’s current order for 42 MAXs, and 13 additional 737 MAXs that Boeing previously attributed to an unidentifi­ed customer.

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