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India SpiceJet places US$1.7b order for Bombardier turboprop planes
INDIAN budget carrier SpiceJet Ltd has ordered as many as 50 turboprop planes worth US$1.7 billion from Bombardier Inc, in a bid to meet growing demand for regional air travel.
The deal is for 25 Q400 planes, with purchase rights for 25 more, Bombardier said in a statement.
The deal comes one day after SpiceJet signed an agreement to buy 20 new Boeing 737 Max 10s and convert existing commitments for 20 smaller Max 8s.
Indian carriers are ordering hundreds of planes, including smaller turboprop models, following a pledge by Prime Minister Narendra Modi to fund some money-losing routes if airlines fly more to remote airports to improve connectivity.
Indian market leader IndiGo, operated by InterGlobe Aviation Ltd, has ordered as many as 430 Airbus SE A320neos jets, on top of a deal to buy 100 aircraft, and placed an outline order for 50 turboprop planes.
The deal is for 25 Q400 planes, with purchase rights for 25 more, Bombardier said in a statement.
The deal comes one day after SpiceJet signed an agreement to buy 20 new Boeing 737 Max 10s and convert existing commitments for 20 smaller Max 8s.
Indian carriers are ordering hundreds of planes, including smaller turboprop models, following a pledge by Prime Minister Narendra Modi to fund some money-losing routes if airlines fly more to remote airports to improve connectivity.
Indian market leader IndiGo, operated by InterGlobe Aviation Ltd, has ordered as many as 430 Airbus SE A320neos jets, on top of a deal to buy 100 aircraft, and placed an outline order for 50 turboprop planes.
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