Budget carrier SpiceJet today placed an order for 42 737 MAX jets with the US aircraft maker Boeing for USD 4.4 billion (Rs 26,000 crore).
The two sides signed an memorandum of understanding (MoU) to this effect at the inaugural day of the 4th edition of the India Aviation Conference here.
Civil Aviation Minister Ajit Singh inaugurated the 5-day long event.
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"The induction of Boeing 737 MAX will further modernise our fleet, improve customer experience, and ensure that we operate the most efficient fleet well into the future," he added.
The 737 MAX brings the most advanced engine technologies to the world's best-selling airplane, building on the strengths of Next-Generation 737, he said. It incorporates the latest-technology CFM International LEAP-1B engines to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.
"The order is a tremendous endorsement of the 737 MAX's unsurpassed fuel efficiency," said Dinesh Keskar, senior vice president of Asia Pacific and India Sales, Boeing Commercial Airplanes.