Jet Airways said on Wednesday it had agreed to buy 75 Boeing 737 Max aircraft, and that it could purchase another 75 to help it expand in a booming Indian market.
Jet said in a statement that deliveries of the single aisle jets are expected to start in mid-2018. and a decision on adding an equal number of narrow-body aircraft "will be made over the coming few months".
An order for 75 737 MAX 10 jets would be worth as much as $9.3 billion based on list prices, although airlines typically get discounts for large orders.
Reuters reported in June that Jet, which is part owned by Abu Dhabi`s Etihad Airways, was in talks to buy either Boeing`s 737 MAX planes or aircraft from Airbus SE`s A320neo family.
Airlines in India have hundreds of aircraft on order as they look to tap into a market growing by nearly 20 percent a year thanks to rising incomes and low cost fares.
Jet Airways has the second largest market share in India behind InterGlobe Aviation`s IndiGo.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)