Economy

SpiceJet orders up to 50 Bombardier Q400 turbo-props

SpiceJet orders up to 50 Bombardier Q400 turbo-props”

Indian low-priced airline SpiceJet has ordered up to 50 Bombardier Q400 turboprop aircraft - the largest single order ever for this plane, the Canadian aerospace company said Friday.

The purchase agreement consists of 25 turboprops Q400 aircraft and purchase rights for 25 additional aircraft.

According to SpiceJet, the new order is the single largest ever for the Q400 turbo-prop aircraft programme. Based on the list price, the deal is valued at $ 1.7 billion. The airline now operates 20 Q400 aircraft in a 78-seat configuration to domestic and global destinations.

At the International Paris Air Show in June this year, SpiceJet had signed a letter of intent with Bombardier for the purchase of the Q400 aircraft. It will also be the launch customer for extra-capacity 90 seat Q400 planes. It did not disclose the financing model for its latest purchase but its previous acquisition of 15 Q400 planes, was funded through loans from Export Development Canada. In this regard, through the union government's regional connectivity scheme Udan, SpiceJet won bids to fly to 11 regional cities some of which include Khandala, Porbandar, Jaisalmer, Kanpur, and Puducherry.

After a tumultuous week, spirits at planemaker Bombardier's Belfast division have been lifted with confirmation on Friday that Indian airline SpiceJet is to buy up to 50 of the firm's Q400 turboprop airliners.



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