Jet Airways has ordered 75 Boeing 737 Max aircraft, including options and purchase rights for an additional 50 aircraft.
The 737 Max incorporates the latest technology CFM International LEAP-1B engines as well as advanced technology winglets.
The transaction will be completely financed and managed through a sale and leaseback arrangement when Jet Airways takes delivery of the aircraft from 2018.
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.”
Jet Airways currently has a fleet of 115 aircraft.