SpiceJet signs deals worth $5.5 billion at Paris Air Show forbesindia.com

The deal with Bombardier is a step at increasing its regional footprint in India and international destinationsBudget airline SpiceJet has placed a firm order for 25 Q400 aircraft with Canadian aircraft manufacturer Bombardier. The move comes as it looks to grow its regional footprint in India and nearby international destinations such as Sri Lanka.

The deal with Bombardier, which was announced at the Paris Air Show on Tuesday, is valued at approximately $805 million with each Q400 aircraft sporting a price tag of about $32.2 million. In addition, SpiceJet has taken the purchase rights for 25 additional Q400 aircraft.