SpiceJet Orders 42 Boeing 737 Max 8s

SpiceJet has ordered 42 Boeing 737 Max 8s. The order is valued at $4.4 billion at list prices.

With this order, SpiceJet has ordered 90 airplanes directly from Boeing, which includes the 737-800, 737-900ER and now the 737 Max. To date, SpiceJet has taken delivery of 31 of the airplanes.

"SpiceJet greatly values the ties we have built over the years with Boeing. The Boeing Next-Generation 737 aircraft, the mainstay of the fleet ever since SpiceJet started operations, have vindicated our choice by their endurance, reliability and cost effectiveness," said S.L. Narayanan, Group CFO for The Sun Group. "The induction of Boeing 737 Max will further modernize our fleet, improve customer experience, and ensure that we operate the most efficient fleet well into the future."

Development of the 737 Max is on schedule with firm configuration of the airplane achieved in July 2013. First flight is scheduled in 2016 with deliveries to customers beginning in 2017.

The 737 Max incorporates the latest-technology CFM International LEAP-1B engines.

The 737 Max has accumulated more than 1,800 orders to date.