TEHRAN, April 04 - India’s Jet Airways Ltd (JET.NS) has entered into an agreement to buy 75 Boeing Co (BA.N) 737 MAX narrowbody jets, worth $8.8 billion, to meet passenger demand which has shown no sign of abating after years of growth.
TEHRAN, Young Journalists Club (YJC) - India’s Jet Airways Ltd (JET.NS) has entered into an agreement to buy 75 Boeing Co (BA.N) 737 MAX narrowbody jets, worth $8.8 billion, to meet passenger demand which has shown no sign of abating after years of growth.
Jet Airways, in a filing to the stock exchange late on Tuesday, did not say whether the agreement was a formal order or a non-binding memorandum of understanding.
Boeing did not respond to a request for comment.
The jets would be worth $8.8 billion at list prices, though airlines typically receive significant discounts from manufacturers.
Shares of Jet Airways rose as much as 3.2 percent in Wednesday morning trade, and were trading up 1.4 percent at 0610 GMT. The wider Mumbai market .BSESN was up 0.25 percent.
The latest agreement comes as Indian airlines rush to expand fleets to meet ever-increasing demand for domestic as well as international flights, making it one of the most targeted sales markets for Boeing and European rival Airbus SE (AIR.PA).
Source: Reuters
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