Budget passenger carrier SpiceJet on Friday said that it has concluded a firm purchase agreement with Bombardier Commercial Aircraft for up to 50 Q400 turbo-prop aircraft. According to SpiceJet, the new order is the single largest ever for the Q400 turbo-prop aircraft programme.
The company disclosed that the purchase agreement includes 25 Q400 turbo-props and purchase rights on an additional 25 aircraft. Based on list prices, the order is valued at up to $1.7 billion.
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"I am pleased to confirm SpiceJet's latest order for up to 50 Bombardier Q400 planes that was announced in the Paris Airshow," said SpiceJet Chairman and Managing Director Ajay Singh.
"I am sure this fresh order will further enhance connectivity to smaller towns and cities and help realise Prime Minister Narendra Modi's vision of ensuring that every Indian can fly."
Upon delivery, the airline will also become the first in the world to operate a 90-seat turbo-prop, pending certification by regulatory authorities.
Since 2010, SpiceJet has taken delivery of 15 Q400 aircraft. The airline currently operates 20 Q400 aircraft in a 78-seat configuration to domestic and international destinations.
In addition to the current order, the airline had earlier this year placed an order for up to 225 narrow and wide-body jets with Boeing.