The Low cost airlines, Spice Jet Limited announced that it has concluded a firm purchase agreement with Bombardier Commercial Aircraft, for up to 50 Q400 turboprop airliners, making it the largest single order ever for the Q400 turboprop aircraft program. Upon delivery, the airline will become the first in the world to operate a 90-seat turboprop, pending certification by regulatory authorities. The purchase agreement includes 25 Q400 turboprops and purchase rights on an additional 25 aircraft. Based on list prices, the order is valued at up to 1.7 billion dollar. This purchase agreement confirms the Paris MoU.
Ajay Singh, Chairman and Managing Director, SpiceJet said,"I am pleased to confirm SpiceJet's latest order for up to 50 Bombardier Q400 planes that was announced in the Paris Air show.. I am sure this fresh order will further enhance connectivity to smaller towns and cities and help realise Prime Minister Narendra Modi's vision of ensuring that every Indian can fly." "SpiceJet operates India's largest regional fleet and has always been a firm believer in the growth story of India's smaller towns and cities. We have worked hard over the years to put these smaller towns on the country's aviation map and will strive do the same in the times to come," Further added Singh. "We are very proud to firm up this agreement with SpiceJet as it is another demonstration of the Q400's unique versatility. This repeat order will not only increase the Q400 aircraft fleet in the fast-growing regional market in India and in the Asia-Pacific region but will also launch the high-density 90-passenger model," said Fred Cromer, President, Bombardier Commercial Aircraft.