Spicejet signs a Rs 26000 crore worth deal with Boeing for purchase of 42 Boeing 737 Max aircraft.
This is the first deal to happen at the India Aviation 2014 which is being held at Hyderabad.
The low cost carrier is under tremendous pressure to compete and improve its balance sheet. It recently made large scale changes in its top management in its efforts to make a turn around.
SpiceJet currently flies Boeing 737s and Bombardier Q400s. Spicejet Airline is promoted by media baron Marans.