Boeing, Airbus duel for US$12b order from revived SpiceJet

Two years ago, SpiceJet was fighting for survival as creditors retreated and oil companies refused to refuel its airliners. Today, the world’s biggest planemakers are wooing the recovering carrier for a potential blockbuster order worth about US$12b. Boeing and Airbus are locked in a battle to supply SpiceJet with as many as 100 planes, and both are offering aggressive discounts in negotiations that have intensified in the past few months, according to people with direct knowledge of the talks. A win would be key for Boeing, with the US manufacturer lagging behind its European rival in India’s burgeoning budget-airline market, one of the key sources of industry growth globally. The airline needs to ramp up its 43-plane fleet quickly to pose a meaningful threat to IndiGo. <br/>
Bloomberg
http://www.bloomberg.com/news/articles/2016-07-11/boeing-airbus-duel-for-12-billion-order-from-revived-spicejet
7/11/16