Jet Airways places a big order with Boeing

Signalling ambitious growth plans, Naresh Goyal's Jet Air ways has placed a confirmed order for 75 Boeing 737 MAX-8 aircraft. At $110 million apiece list price this year according to the Boeing website, Jet's confirmed order is worth $8.25 billion. The order includes conversions of 25 next-generation 737s to 737 MAX-8s, as well as options and purchase rights for an additional 50 aircraft.
This is the biggest order by Jet ever and also the biggest order for Boeing aircraft by an Indian carrier in years. The 737 MAX is Boeing's answer to Airbus' highly successful A-320 NEO. Jet placed the order at the ongoing Dubai Air Show.
The transaction will be completely financed and managed through a sale and leaseback arrangement when Jet takes delivery of the aircraft from 2018. It will support Jet's replacement strategy and ensure it maintains a modern fleet.

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