PARIS: SpiceJet on Tuesday announced an order to buy Bombardier Q400 aircraft valued at $1.7 billion. The deliveries start during early 2018 and we will induct one aircraft per month till 2020,” SpiceJet CMD Ajay Singh told ET on the sidelines of Paris Air Show.Notably, the aircraft order follows a 50 ATR aircraft order by IndiGo, which announced to float a new regional subsidiary, recently. Singh said aircraft would be used for regional connectivity as well as providing connectivity to neighbouring international destinations. We can connect many more nearby international destinations to smaller cities like Varanasi-Kathmandu,” Singh further said.The airline said that the Letter of Intent (LoI) includes 25 Q400 turboprops and purchase rights on an additional 25 aircraft. Based on the Q400 turboprop list price, an order could be valu-ed at up to $1.7 billion.This would be the single biggest order for the Q400, the airline said in a release.

Source: Economic Times June 20, 2017 10:45 UTC