Jet Airways confirms order for 75 Boeing 737 Max aircraft

Jet Airways on Monday announced placing an order for 75 Boeing 737 MAX 8 aircraft at the Dubai Airshow. The order includes options and purchase rights for an additional 50 aircraft. This is the airline’s largest ever fleet order valued at $8.7 billion at list price. The deliveries will start from 2018 and transaction will be completely financed and managed through a sale and leaseback arrangement, Jet Airways said. The new aircraft will support the airline’s replacement strategy and ensure it maintains a modern, environmentally friendly fleet, the airline said. Currently, Jet Airways has a fleet of 115 aircraft. “This order is an endorsement of our confidence in the long-term prospects of the Indian aviation sector, which reflects the positive forecast for the country’s economy, and offers tremendous potential for growth and development,” Naresh Goyal, Chairman, Jet Airways said in a statement.