SpiceJet has agreed to buy about 40 Boeing jets worth over USD 4 billion at list prices, industry sources had said in January, a move that could help the loss-making carrier as it seeks new investors.
Budget airline SpiceJet will on Wednesday announce an order for 42 Boeing 737 MAX jets, a source with direct knowledge of the matter told Reuters.
SpiceJet has agreed to buy about 40 Boeing jets worth over USD 4 billion at list prices, industry sources had said in January, a move that could help the loss-making carrier as it seeks new investors.
The airline, controlled by billionaire Kalanithi Maran's Sun Group, is seen as a target for foreign investors after India loosened restrictions on investment by foreign airlines.
Also Read: Ahead of Holi, SpiceJet, IndiGo launch another fare war
SpiceJet stock price
On March 12, 2014, at 11:13 hrs SpiceJet was quoting at Rs 15.07, up Rs 0.93, or 6.58 percent. The 52-week high of the share was Rs 43.75 and the 52-week low was Rs 12.50.
The latest book value of the company is Rs -3.50 per share. At current value, the price-to-book value of the company was -4.31.
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