Boeing Loosens Airbus’s India Grip With $22 Billion SpiceJet Win
- Budget carrier orders up to 205 planes, including 100 Max 8s
- Indian aviation market is growing at twice the pace of China’s
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Boeing Co. won a $22 billion deal from budget carrier SpiceJet Ltd., notching the planemaker’s largest-ever order from an Indian airline and strengthening its hold in a market dominated by Europe’s Airbus Group SE.
The order includes 100 of Boeing’s 737 Max single-aisle jets and renegotiated terms for 55 previously ordered aircraft, SpiceJet said in a statement Friday. The airline also has options to purchase another 50 Boeing aircraft, including the 777 and 787 Dreamliner wide-bodies.