SpiceJet says India's USD$85b plane orders still not enough
India’s airlines have ordered about 850 planes valued at about US$85b in recent years. SpiceJet says that’s still not enough to meet demand. SpiceJet, which last month ordered as many as 205 Boeing jets worth $22b, is being rather conservative with its purchases, the carrier’s chairman Ajay Singh said Wednesday. Demand will surge with more Indians starting to fly, fuelled by economic growth in smaller towns, he said. “With all the orders that all the Indian airlines have placed, counting for replacements, we will have 800 planes in 10 years from now,” Singh said. “That’s not a lot of planes. That’s the same number of planes that Southwest Airlines has today.” India is among battlegrounds in emerging markets for planemakers as a rising middle class flies for the first time. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-02-23/unaligned/spicejet-says-indias-usd-85b-plane-orders-still-not-enough
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SpiceJet says India's USD$85b plane orders still not enough
India’s airlines have ordered about 850 planes valued at about US$85b in recent years. SpiceJet says that’s still not enough to meet demand. SpiceJet, which last month ordered as many as 205 Boeing jets worth $22b, is being rather conservative with its purchases, the carrier’s chairman Ajay Singh said Wednesday. Demand will surge with more Indians starting to fly, fuelled by economic growth in smaller towns, he said. “With all the orders that all the Indian airlines have placed, counting for replacements, we will have 800 planes in 10 years from now,” Singh said. “That’s not a lot of planes. That’s the same number of planes that Southwest Airlines has today.” India is among battlegrounds in emerging markets for planemakers as a rising middle class flies for the first time. <br/>
