SpiceJet signs LOI for up to 50 Bombardier Q400s
SpiceJet has signed a letter of intent for the purchase of up to 50 Bombardier Q400 turboprops, the manufacturer announced Tuesday. The LOI includes 25 Q400 turboprops and purchase rights on an additional 25 aircraft, and is valued at US$1.6b if all rights are exercised, based on current list prices. “[The Q400’s] 86-seat configuration will support SpiceJet [to] develop its domestic operations from Tier-2 and Tier-3 cities across India,” Bombardier VP Sales-South Asia and Australasia François Cognard said. “SpiceJet operates India’s largest regional fleet and is the only organised operator in this space. The acquisition will help us further increase connectivity to smaller towns and cities and help realise prime minister Narendra Modi’s vision of ensuring that every Indian can fly,” SpiceJet chairman and MD Ajay Singh said. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-06-21/unaligned/spicejet-signs-loi-for-up-to-50-bombardier-q400s
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SpiceJet signs LOI for up to 50 Bombardier Q400s
SpiceJet has signed a letter of intent for the purchase of up to 50 Bombardier Q400 turboprops, the manufacturer announced Tuesday. The LOI includes 25 Q400 turboprops and purchase rights on an additional 25 aircraft, and is valued at US$1.6b if all rights are exercised, based on current list prices. “[The Q400’s] 86-seat configuration will support SpiceJet [to] develop its domestic operations from Tier-2 and Tier-3 cities across India,” Bombardier VP Sales-South Asia and Australasia François Cognard said. “SpiceJet operates India’s largest regional fleet and is the only organised operator in this space. The acquisition will help us further increase connectivity to smaller towns and cities and help realise prime minister Narendra Modi’s vision of ensuring that every Indian can fly,” SpiceJet chairman and MD Ajay Singh said. <br/>
