The fleet sale, agreed Friday in New Delhi, will be booked in the 2016 year, the companies said in a statement, and includes 100 of Boeing's 737 MAX 8 airplanes added to a previous commitment of 42, a shift from an unnamed customer of 13 and an option for SpiceJet to buy and additional 50.
"We are honored to build upon more than a decade of partnership with SpiceJet with their commitment of up to 205 airplanes," said Boeing's vice chairman Ray Conner. "The economics of the 737 MAXs will allow SpiceJet to profitably open new markets, expand connectively within India and beyond, and offer their customers a superior passenger experience."
Boeing shares closed at $158.29 each Thursday in New York, down 0.67% on the session but still up a firm 18.87% over the past three months.
Last Friday, Boeing reported 2016 commercial deliveries that hit the company's internal target but fell short of a year prior, and also missed Boeing's goal to match orders with deliveries in what was seen as a year of transition for the aerospace giant.
The Chicago-based Dow Jones Industrial Average component said it delivered 748 jets for the year, in line with its forecast of between 745 and 750 deliveries, but fell short of its goal of matching deliveries with new orders. Boeing won 848 orders in 2016 but also had 180 cancellations.
Archrival Airbus (EADSY) , which reports deliveries next week, is also predicted to fall short of the 1:1 book to bill ratio in 2016. Boeing in 2015 delivered 762 commercial jets.