India's $85-bn orders still not enough: SpiceJet

Looking at Exim Bank, sale-and-leaseback for funds

India’s airlines have ordered about 850 planes valued at about $85 billion in recent years. SpiceJet, a budget carrier, says that’s still not enough to meet demand.

SpiceJet, which last month ordered as many as 205 Boeing Co jets worth $22 billion, is being rather conservative with its purchases, chairman Ajay Singh told Rishaad Salamat in a Bloomberg Television interview in Singapore on Wednesday. Demand will surge with more Indians starting to fly, fuelled by economic growth in smaller towns, he said.

“With all the orders that all the Indian airlines have placed, counting for replacements, we will have 800 planes in