SpiceJet Places Order for 50 Bombardier Q400 Planes

SpiceJet has announced an order to buy Bombardier Q400 aircraft valued at $1.7 billion. This order, which is split in half, is a firm order for 25 aircraft and an option to add 25 more, will make the airline the largest turboprop aircraft operator in India.

Notably , the aircraft order follows a 50 ATR aircraft order by IndiGo, which announced it would float a new regional subsidiary, recently . Singh said the aircraft would be used for regional connectivity as well as for providing connectivity to the neighbouring international destinations.

Besides the Regional Connectivity Scheme, there are small airports that are opening as a consequence of the RCS scheme.

The airline said the Letter of Intent includes 25 Q400 turboprops and purchase rights on an additional 25 aircraft. Based on the Q400 turboprop list price, an order could be valued at up to $1.7 billion. This would be the single biggest order for the Q400.

On Monday, SpiceJet ordered 40 Boeing 737-10 aircraft worth $5 billion, which should start joining the fleet most likely from 2020.

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