 The Indian domestic air market is getting more crowded |
Indian budget airline Spicejet has agreed to take up a pre-order for 10 Boeing 737 planes and look at taking 10 more in a deal worth $1.4bn (�802m). The New Delhi-based carrier, launched in May 2005, said the first order would include five 737-800 planes and five longer-range 737-900ER aircraft.
A Boeing spokesman said the deal was expected to be finalised by mid-2006.
Spicejet, competing in a tough domestic market, said earlier this month that it expected to break even by next month.
At the time of its launch it had just two leased Boeing 737-800s
Its competitors in an ever-competitive domestic market are Indian Airlines, Jet Airways, Go Air and Air Deccan.