Boeing 737 Max order: Indian budget airline confirms deal

Image copyright REUTERS Image caption The Akasa Aviation sign advertises seats for sale on a plane in Bengaluru Image caption An Akasa Air plane is parked at an airport in Kolkata

Indian startup Akasa Air has confirmed it has ordered 30 Boeing 737 Max aircraft, valued at more than $4.5bn (£3.3bn).

The airline says it will have up to 200 planes on order after this deal.

Akasa is a new low-cost carrier planning to start in Bengaluru by the end of the year.

“Our investment in Airbus and Boeing has been a successful venture thus far, and we have determined that the 737 Max can provide that same level of efficiency,” said Indian developer and airline vice-chairman Suresh Reddy.

“By growing our fleet of these aircraft across India, our business model will become more and more attractive to Indian tourists who are eager to travel abroad.”

China’s AVIC Shenyang Aircraft is Akasa’s major supplier for its planes.

Says BBC business editor Piers Akerman:

Boeing is the world’s biggest passenger aircraft maker and has seen its sales nosedive in recent years.

It’s always been based on a brand-new idea – moving from a single engine to two.

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