Indian Airline Orders Boeing Jets

The private airline SpiceJet may want up to 20 of the company's 737-800 jetliners.
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Boeing

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said Wednesday it has notched an order for as many as 20 737-800 aircraft from SpiceJet, a private Indian airline.

SpiceJet placed a firm order for 10 of the next-generation 737s, valued at $630 million according to list prices. The airline has the option to acquire 10 more. The first delivery is set for 2006.

"The superior operating economics of the next-generation 737 are especially important in light of continued rising fuel costs," said Bhulo Kansagra, a SpiceJet board member.

The New Delhi-based airline plans to begin service in May with three leased Boeing 737-800s.

Boeing shares finished Tuesday's session up $1.00, or 1.9%, at $53.50