Bombardier agrees to sell up to 50 Q400s to India's SpiceJet
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(Reuters) - Canadian airplane maker Bombardier Inc (BBDb.TO) said on Tuesday it agreed to sell up to 50 Q400 turboprop aircraft to Indian budget carrier SpiceJet Ltd (SPJT.BO).
A logo of jet manufacturer Bombardier is pictured on their booth during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 22, 2017. REUTERS/Denis Balibouse - RTX37E9K
SpiceJet will buy 25 Q400 turboprop aircraft from Bombardier, as per a letter of intent between the two companies. The Indian airline has the option to buy 25 more planes.
An order could be valued at up to $1.7 billion, based on the list price for the 86-seater Q400, Bombardier said.
Reporting by Ankit Ajmera in Bengaluru; Editing by Sai Sachin Ravikumar