Boeing is poised to win an order for 38 of its 737 Max jets valued at about $3.9 billion from SpiceJet. (SJET), the Indian budget airline controlled by billionaire Kalanithi Maran according to news sources.
The deal consists of 30 new orders and swapping an existing purchase of eight 737 NG jets for the upgraded Max model, said the people, who asked not to be identified as discussions are private. According to reports, the transaction “may be announced” as early as next week at the Singapore Air Show.
The 737 sale will keep SpiceJet as a Boeing customer after the airline said last year it was considering switching to Airbus NV planes.