SpiceJet signs firm order for 15 Bombardier Q400s

Bombardier announced Thursday that Indian LCC SpiceJet ordered 15 Q400 NextGens and took options on a further 15.

Based on list prices, Bombardier valued the firm order at approximately $446 million, rising to approximately $915 million if all 15 options are firmed.

“India is witnessing substantial growth, and predominant growth is expected from cities and industrial towns which remain underserved,” said SpiceJet Chairman Kalanithi Maran. “As India’s most preferred low-fare airline, we are focused on catering to these markets which require an aircraft that could increase the reach to over 60 airports that could not be served by the larger jets and establishing our footprint in these markets."

Bombardier President-Commercial Aircraft Gary Scott said it expects India to take delivery of 600 commercial aircraft in the 20- to 149-seat category over the next 20 years. At this time, when new airports are being commissioned by the Indian government, Bombardier is uniquely positioned to support the development of India’s airline network,” Scott stated.