To meet domestic passenger demand, Mumbai, India-based Jet Airways agreed with Boeing Co. to purchase seventy-five 737 MAX jets. Domestic passenger traffic in India has grown at more than 20 percent annually in the last few years.
This is the third agreement Jet Airways has entered into with Boeing for its 737 MAX narrow body jets over the last one year, taking the total to 225 aircraft. Based on Boeing’s list prices, the latest deal is worth about $9.7 billion depending on which 737 MAX the airline chooses.
India’s airlines have started to expand fleets to meet the ever-increasing demand for domestic as well as international flights, making it one of the most targeted sales markets for Boeing and European rival Airbus SE. Boeing said in July last year it expected orders up to 2,100 aircraft worth $290 billion over the next 20 years, calling it the highest-ever forecast for Asia’s third-largest economy.
