Airshow: Bombardier agrees to sell up to 50 Q400s to SpiceJet
Tue Jun 20 2017
Mark Cooper (2113 articles)

Airshow: Bombardier agrees to sell up to 50 Q400s to SpiceJet

Canadian airplane maker Bombardier Inc said on Tuesday it agreed to sell up to 50 Q400 turboprop aircraft to Indian budget carrier SpiceJet Ltd.

SpiceJet will buy 25 Q400 turboprop aircraft from Bombardier, as per a letter of intent between the two companies. The Indian airline has the option to buy 25 more planes.

An order could be valued at up to $ 1.7 billion, based on the list price for the 86-seater Q400, Bombardier said.

 

Mark Cooper

Mark Cooper

Mark Cooper is Political / Stock Market Correspondent. He has been covering Global Stock Markets for more than 6 years.

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