India’s Akasa Air to buy 72 Boeing 737 Max planes

Billionaire stock trader Rakesh Jhunjhunwala has placed an order for 72 Boeing 737 MAX jets for his proposed startup airline Akasa Air.

The deal is valued at $9 billion at the list price and was signed at the Dubai air show on Tuesday. For Boeing, the order is a shot in the arm and would help it boost its share in the Indian market, currently dominated by Airbus. In fact, in India budget carrier SpiceJet is the only airline that operates 737 Max planes.

Akasa Air’s order includes two variants from the 737 MAX family, including the 737-8 and the high-capacity 737-8-200.

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