Jet Airways has announced the confirmation of its largest-ever fleet order for 75 Boeing 737 Max aircraft, the first airline in India to take delivery of the new aircraft.
The order, which boosts its current fleet of 115, includes options and purchase rights for an additional 50 aircraft.
The 737 Max incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver greater efficiency, reliability and passenger comfort.
The new aircraft will support Jet Airways’ replacement strategy and ensure it maintains a modern, environmentally friendly fleet.
The transaction will be completely financed and managed through a sale and leaseback arrangement when Jet Airways takes delivery of the aircraft from 2018.
Commenting on the announcement, Naresh Goyal, chairman, Jet Airways said: “This order is an endorsement of our confidence in the long-term prospects of the Indian aviation sector, which reflects the positive forecast for the country’s economy, and offers tremendous potential for growth and development.
“Jet Airways has led the path in Indian aviation, providing enhanced connectivity between domestic and international sectors.
“We are aligned with the Government of India’s mission to provide affordable air connectivity to the people across the country.”