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India's Jet Buys $8.8 Billion More Boeing Planes to Match Rivals

  • Domestic-flight demand driving fleet growth among carriers
  • Latest deal brings total 737 Max order backlog to 225
General Images Of Indian Airlines Ahead Of Earnings
Photographer: Dhiraj Singh/Bloomberg

Jet Airways India Ltd. purchased another 75 of Boeing Co.’s 737 Max aircraft for about $8.8 billion as it looks to continue rapid expansion in the world’s fastest-growing major aviation market.

The latest purchase brings the airline’s backlog for the narrowbody plane to 225, Jet said in a statement Monday. It already placed two 75-plane orders, the most recent in April, with the first 737 Max delivery arriving last week.