Mumbai-based Jet Airways is expanding its fleet as India’s leading carriers compete for traffic in the world’s fastest-growing major aviation market. Photo: ReutersManchester, England: Jet Airways India Ltd. is closing in on a new order for Boeing Co.’s 737 Max single-aisle plane that could take its commitments for the model above 200 aircraft. Mumbai-based Jet is expanding its fleet as India’s leading carriers compete for traffic in the world’s fastest-growing major aviation market. Jet’s existing Max orders are due to commence delivery from Boeing in July after a month’s delay, with handovers running through 2023, according to Goyal, who founded Jet in the early 1990s. Jet has been one of the most successful investments for Etihad, which owns a 24% stake, he said.

Source: Mint May 18, 2018 14:03 UTC