Jet Airways, max, 737, buy, deal, Boeing, order, bankrupt, debt, India, government, save, invest, Tata, owner, Goyal, stake, shares, majority, Etihad, cancel, flights,
Photo: Jet Airways

Jet Airways signs up for more MAX aircraft

The fast-growing carrier takes its total 737 MAX order to 150 planes, showing that India is not slowing down.

Mumbai-based Jet Airways, India’s second biggest airline by market share, has signed a new order for 75 more Boeing 737 MAX aircraft, taking its total on order to 150 of the new-gen aircraft type.

The 737 is the backbone of Jet Airways’ fleet, and the 150 737 MAX aircraft now on order will not only replace its existing fleet but also equip it with modern and environmentally progressive planes, “fuelling the airline’s expansion strategy to support its network and growth aspirations in the world’s fastest growing aviation market”, as Jet Airways puts it.

The deal shows that India’s growing travel market is showing no signs of slowing despite years of growth.

Jet Airways, which connects Scandinavia to India via Amsterdam, will be the first Indian airline to take delivery of the new and improved 737, in a deal that could be worth between $7.2 billion and $9.7 billion depending on which 737 MAX variants the airline opts for.

The 737 MAX can seat between 130 and 230 passengers, depending on the variant. The airline finalised a separate deal to buy 75 of the aircraft last year.

Boeing said recently that it expects airlines in India to order up to 2,100 aircraft worth $290 billion over the next 20 years, adding that this is its highest-ever forecast for Asia’s third-largest economy. Domestic passenger traffic increased by 18% in January from a year earlier.

World-class experience
“Our new order for the additional 75 Boeing 737 MAX aircraft will allow us to deliver a differentiated and world-class customer experience to our guests,” said Vinay Dube, chief executive officer.

“This additional order reemphasises our trust and confidence in Boeing and also reaffirms our commitment to operate extremely modern, reliable and fuel efficient aircraft as part of our fleet.”

Jet Airways operates over 300 flights a day to 65 destinations in India and overseas, with a fleet of 120 aircraft comprising Boeing 777-300 ERs, Airbus A330s and ATR 72s.

Related stories

Air India for sale – with $5bn of debt

Pilots sacked after fight in cockpit

Indian giant links Nordics via Amsterdam