Boeing, SpiceJet Sign MoU For 40 737 MAX Airplanes; Deal Valued At $4.7 Bln

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( - Boeing ( BA ) announced the company and SpiceJet signed a memorandum of understanding for 40 737 MAX airplanes. The agreement, valued at $4.7 billion at current list prices, is split evenly between 20 new orders for the 737 MAX 10 and conversions of 20 of the low-cost carrier's 737 MAX 8 airplanes from its existing order to 737 MAX 10s.

SpiceJet operates a fleet of 35 Next-Generation 737s and 20 Bombardier Q400s. The carrier will take delivery of its first 737 MAX in 2018.

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Referenced Symbols: 500285 , BA

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