GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

Jet Airways Agrees to Buy 75 Boeing 737 MAX Jets Worth $8.8 Billion

Indian airlines are scrambling to add more jets to meet demand for more domestic and international flights, making it one of the most targeted sales markets for Boeing and European rival Airbus SE.

Reuters

Updated:April 4, 2018, 10:20 AM IST
facebookTwittergoogleskypewhatsapp
Jet Airways Agrees to Buy 75 Boeing 737 MAX Jets Worth $8.8 Billion
File photo of Jet Airways flight. (Photo: Reuters)
Loading...
Mumbai: Jet Airways Ltd said late on Tuesday it had entered into an agreement with Boeing Co for the purchase of 75 Boeing 737 MAX narrow body jets.

In an announcement to the stock exchange, Jet Airways did not say whether the agreement was a formal order or a non-binding memorandum of understanding. Boeing did not respond immediately to a request for comment.

The jets would be worth $8.8 billion at list prices, although airlines typically receive a significant discount from manufacturers.

Indian airlines are scrambling to add more jets to meet demand for more domestic and international flights, making it one of the most targeted sales markets for Boeing and European rival Airbus SE.

Domestic Indian passenger traffic increased by 17.9 percent in January from a year earlier, marking the 41st consecutive month of double-digit growth, according to the International Air Transport Association.

Jet Airways CEO Vinay Dube last month told reporters the airline was hoping to close the deal to buy 75 narrowbody jets by the end of March.

The airline last year finalised a deal to buy a separate 75 Boeing 737 MAX aircraft.
| Edited by: Ahona Sengupta
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Jet Airways 346.50 7.98
Yes Bank 191.00 -7.21
Reliance 1,127.40 2.79
ICICI Bank 367.55 -0.66
Indiabulls Hsg 766.20 -4.80
Company Price Change %Gain
Jet Airways 346.85 8.07
Mindtree 837.35 -0.16
Yes Bank 191.30 -7.14
HDFC 1,883.20 1.67
Info Edge 1,370.00 -0.48
Top Gainers
Company Price Change %Gain
Bharti Airtel 332.75 9.31
HCL Tech 1,022.20 3.38
Eicher Motors 24,735.00 3.30
Grasim 831.90 2.87
Reliance 1,127.40 2.79
Company Price Change %Gain
Bharti Airtel 333.60 9.81
Reliance 1,127.50 2.79
Hero Motocorp 2,970.00 1.81
SBI 290.30 1.75
HDFC 1,883.20 1.67
Top Losers
Company Price Change %Gain
Yes Bank 191.00 -7.21
Indiabulls Hsg 766.20 -4.80
JSW Steel 335.10 -2.76
Tata Steel 574.10 -2.59
IOC 143.35 -2.25
Company Price Change %Gain
Yes Bank 191.30 -7.14
Tata Steel 574.10 -2.47
Maruti Suzuki 7,332.05 -2.02
ONGC 156.55 -1.48
Axis Bank 616.80 -1.41

Live TV

Loading...
Loading...