SpiceJet signs LOI for 50 Bombardier Q400 aircraft for $1.7 billion

SpiceJet signs LOI for 50 Bombardier Q400 aircraft for $1.7 billion :

Paris Air Show is giving good news for Indian Aviation regularly.  Today SpiceJet has announced an order to buy 50 Bombardier Q400 aircraft worth $1.7 billion dollars.

This order – of 25 firm order and options of 25 more – will make Spicejet the largest turboprop aircraft operator in the country.

“We are already operating a fleet of 20 Q400s and will add another 25 by early 2020. The deliveries start during early 2018 and we will induct one aircraft per month till 2020,” SpiceJet CMD Ajay Singh told at Paris AirShow.

These aircraft would be used for regional connectivity as well providing connectivity in the neighboring international destinations.

“Our Q400s fly to Male and Dhaka as on today. We can connect to many more nearby international destinations to smaller cities like Varanasi-Kathmandu and many more,” Singh further said.

The airline said that the Letter of Intent (LOI) includes 25 Q400 turboprops and purchase rights on an additional 25 aircraft. Based on the Q400 turboprop list price, an order could be valued at up to US $ 1.7B billion. This would be the single biggest order for the Q400, the airline said in a release.