SpiceJet set to buy over 40 new planes from Boeing: report

Indian carrier SpiceJet has entered a deal with Boeing Co of the US to buy about 40 Boeing 737 jets in a deal worth over $4 billion at list prices, according to a report.

Citing industry sources, Reuter news agency says the deal includes a firm order for 42 Boeing 737 MAX aircraft, which offer fuel savings compared to SpiceJet's existing fleet of current-generation Boeing 737s.

The move that could help the loss-making carrier as it seeks new investors, the report adds. Such an order would be worth $4.4 billion at list prices without adjusting for either inflation or price discounts.

The Indian carrier has also negotiated options to double the order by taking up to 42 further jets depending on its ability to grow, the report said, again citing unnamed sources.

A spokeswoman for SpiceJet declined to comment.

On Monday, Boeing said unidentified airlines had placed orders at the end of 2013 for 164 such medium-haul aircraft.