Jet Airways finalises deal for 75 Boeing 737 Max planes worth $8.7 bn

Jet Airways has finalised an $8.7-billion deal to acquire 75 Boeing 737 MAX planes as the airline plans to launch routes and grow its market share.

The Mumbai-headquartered airline and Boeing signed a purchase contract last week. With the latest deal, Jet Airways will have 150 737 MAX planes on order.  

Jet Airways has a fleet of 120 planes, which include a mix of narrow-body Boeing 737s, turbo-prop ATRs and wide-body Airbus A330s and Boeing 777s. The airline has 83 Boeing 737s, which it uses on domestic and short-haul overseas routes. 

Over the last few years, the airline's capacity induction