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  Business   Companies  13 Jan 2017  SpiceJet shares soar over 4 per cent on Boeing deal

SpiceJet shares soar over 4 per cent on Boeing deal

PTI
Published : Jan 13, 2017, 1:34 pm IST
Updated : Jan 13, 2017, 1:34 pm IST

Company announced a deal worth Rs 1,50,000 crore with Boeing to purchase up to 205 new aircraft.

Shares of the company jumped 4.14 per cent to Rs 66.55 on BSE.
 Shares of the company jumped 4.14 per cent to Rs 66.55 on BSE.

New Delhi: Shares of SpiceJet rose over 4 per cent today after the company announced a deal worth Rs 1,50,000 crore with Boeing to purchase up to 205 new aircraft.

Reacting to the news, shares of the company jumped 4.14 per cent to Rs 66.55 on BSE.

With the earlier order for 55 planes and additional 100 new 737-8 MAX aircraft, the no-frills carrier now has firmed up order for a total of 155 planes, besides purchase rights for 50 B737-8 MAX and wide body aircraft.

Announcing the deal here today, SpiceJet Chairman and Managing Director Ajay Singh said the total order of 205 aircraft is valued at Rs 1,50,000 crore (USD 22 billion).

"This is one of the largest deals in Indian aviation and the largest for SpiceJet," Singh said.

Tags: spicejet, shares, profit, revenue, bse
Location: India, Delhi, New Delhi