Moderators: richierich, ua900, PanAm_DC10, hOMSaR
In one of the biggest aircraft orders by an Indian airline, SpiceJet on Friday announced it will buy up to 205 Boeing planes worth $22 billion (Rs 1.5 lakh crore).
SpiceJet chairman Ajay Singh, who brought the airline back from the verge of closure two years back, said the order is a firm one for 155 Boeing 737-8 Max and 50 purchase rights for wide body long haul planes like Dreamliner and the B-737s.
TWA772LR wrote:What a boost for the MAX! I wonder if they'll opt for some 10MAXs if launched.
I wonder what SpiceJet has in mind for those 787s...
said the order is a firm one for 155 Boeing 737-8 Max
new order is for 100 jets, while those 55 other jets were booked much earlier
keesje wrote:Congratulation to Boeing!new order is for 100 jets, while those 55 other jets were booked much earlier
A huge problem in todays world. Half truths, honking one liners and mean lies to influence public perceptions. Even politics & governments now relentlessly do it using unstoppable new media like twitter, Facebook and mail. The uneducated shoot from the hip majority is the target group. Scary.
(Joking of course.)
chiad wrote:And this order is already included in 2016 I believe.
for wide body long haul planes like Dreamliner and the B-737s.
keesje wrote:Congratulation to Boeing!new order is for 100 jets, while those 55 other jets were booked much earlier
A huge problem in todays world. Half truths, honking one liners and mean lies to influence public perceptions. Even politics & governments now relentlessly do it using unstoppable new media like twitter, Facebook and mail. The uneducated shoot from the hip majority is the target group. Scary.
estorilm wrote:Unbelievable, and great news for Boeing, congrats to them!
Who would have EVER thought, in the wake of multiple huge threads questioning the lift and efficiency of the MAX aircraft versus the competition (with seemingly overwhelming support for the competition) that an order like this would be placed.
However one has to wonder what kind of deals Boeing was forced to make to land something like this in the press and their production books, stock ramifications, etc.
On the flip side, what are SpiceJet's expansion goals? If minimal - I'm surprised they wouldn't just shoot for fleet commonality and (expected) parts and maintenance commonality with an A319-321NEO fleet which clearly has the capacity and design to stick around for decades into the future.
ikolkyo wrote:estorilm wrote:Unbelievable, and great news for Boeing, congrats to them!
Who would have EVER thought, in the wake of multiple huge threads questioning the lift and efficiency of the MAX aircraft versus the competition (with seemingly overwhelming support for the competition) that an order like this would be placed.
However one has to wonder what kind of deals Boeing was forced to make to land something like this in the press and their production books, stock ramifications, etc.
On the flip side, what are SpiceJet's expansion goals? If minimal - I'm surprised they wouldn't just shoot for fleet commonality and (expected) parts and maintenance commonality with an A319-321NEO fleet which clearly has the capacity and design to stick around for decades into the future.
They already operate a healthy 737 fleet, no need to switch. When the MAX would have more parts and mantinence commonality with their existing fleet.
BawliBooch wrote:On the plus side, the current owner Ajai Singh is a known toady of the current PM - he is the man who coined the famous "Ab Ki Baar" slogan for the current PM's election campaign. This kind of political connect gives them an edge over 6E.
dtw2hyd wrote:bloggers
rotating14 wrote:What if we just accepted the order as that and moved on? The numbers don't affect us in this forum in any way. We don't know the concrete details of the order beyond that 55 aircraft ordered in 2014 were renegotiated and 100 more aircraft were ordered. While the planes from 2014 and are not new, the terms are. Whether an order is new because it never existed prior or if you can classify a prior order as new if the contract terms are renegotiated, is up for interpretation. It's too early to split hairs about this development. Marketing spin, one liners are nothing new to the industry.
rotating14 wrote:What if we just accepted the order as that and moved on?
keesje wrote:Congratulation to Boeing!new order is for 100 jets, while those 55 other jets were booked much earlier
A huge problem in todays world. Half truths, honking one liners and mean lies to influence public perceptions. Even politics & governments now relentlessly do it using unstoppable new media like twitter, Facebook and mail. The uneducated shoot from the hip majority is the target group. Scary.
dtw2hyd wrote:Boeing need this order, it would be bad if a Boeing operator switches to Airbus in a A dominated country. I am guessing discounts will be huge, lets wait for Leeham's analysis. My bet is not more than $25Million a frame. Now 225 firm orders in India and AIX will continue to lease from GECAS in batches of 8. Not bad IMHO.
dtw2hyd wrote:BawliBooch wrote:On the plus side, the current owner Ajai Singh is a known toady of the current PM - he is the man who coined the famous "Ab Ki Baar" slogan for the current PM's election campaign. This kind of political connect gives them an edge over 6E.
Tough choice for Bhakths though. Do they support AI or SG? Lohani is also very aggressive. In previous era bloggers eat SG's chow-chow bath and dish out at AI. Simple times.
anshabhi wrote:You and BawliBooch invite politics quite nicely! Bhakts should prefer AI- as PM travels in it!!
chiad wrote:rotating14 wrote:What if we just accepted the order as that and moved on?
Because this 205 number is essentially no new order.
55 frames was booked in 2014.
100 was booked in 2016 as unidentified.
And the rest are purchase rights.
anshabhi wrote:You and BawliBooch invite politics quite nicely! Bhakts should prefer AI- as PM travels in it!!
BawliBooch wrote:dtw2hyd wrote:Boeing need this order, it would be bad if a Boeing operator switches to Airbus in a A dominated country. I am guessing discounts will be huge, lets wait for Leeham's analysis. My bet is not more than $25Million a frame. Now 225 firm orders in India and AIX will continue to lease from GECAS in batches of 8. Not bad IMHO.
SG is the last Boeing operator in skies otherwise dominated by Airbus! And i bet Boeing will do everything to keep them in the kitty. SG was evaluating Airbus's via short term wetlease option. But i dont think it went very well. Unless Airbus makes a killer offer, and with their order books they dont need to, this is Boeings to lose.
I have my doubts on the numbers though. Still think they wont get more than 55. I do think they could be a launch customer (???) for the MAX10 though. SG is doing well on key routes with their 215 seat 737-900's!
Swadian wrote:SpiceJet was not going to order Airbus anyway. They are Boeing-loyal like FR, AS, and WN.
Singh told reporters that Boeing lent SpiceJet money when it was almost bankrupt and also helped executives fight off leasing companies trying to repossess its airplanes. It was only fitting that when SpiceJet would turn to Boeing when the airline was was financially back on its feet three years later and wanting to expand.
