Jet Airways places additional orders for 737 MAX aircraft
Farnborough/Mumbai, July 17 : Airline major Jet Airways has placed an additional order for 75 jets of Boeing "737 MAX 8" aircraft during the 2018 Farnborough International Airshow.
According to a joint statement issued on Tuesday, the order, valued at $8.8 billion at current list prices, was previously posted as unidentified on Boeing's Orders and Deliveries website.
"Our latest order for 75 additional Boeing 737 MAX aircraft reflects our long standing association with Boeing and reposes our faith in the aircraft they manufacture," Naresh Goyal, Chairman of Jet Airways was quoted as saying in the statement.
"The MAX will allow us to offer guests a superior and well differentiated experience using a modern, reliable and fuel efficient fleet. The order also emphasises Jet Airways' commitment to the growth and potential of the Indian aviation market."
In June, the Mumbai-based carrier took delivery of its first MAX, a "new and improved 737" that delivers a double-digit improvement in fuel efficiency and passenger comfort.
Jet Airways is India's second-largest airline with a fleet of nearly 120 airplanes serving more than 60 destinations in 15 countries across Asia, Europe and North America.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
IPL mega auction to be held in Jeddah in Saudi Arabia on November 24, 25: BCCI
New Delhi, Nov 5: The mega auction ahead of the Indian Premier League 2025 will be held in Jeddah, Saudi Arabia, on November 24 and 25, the BCCI announced on Tuesday.
This is the second successive year the auction is being held overseas as Dubai hosted the previous one ahead of the IPL 2024.
The player registration officially closed on Monday and a total of 1,574 cricketers (1,165 Indian and 409 overseas) have been signed up for the auction, which will clash with the third and fourth day’s play of the first Test between India and Australia in Perth, which begins on November 22.
Each franchise will be able to form a maximum squad of 25 players (including respective retained players), and a total of 204 slots will be up for grabs from the auction.
The list includes 320 capped players, 1,224 uncapped players and 30 players from the Associate Nations.
Among capped players, 48 are from India. Moreover, 965 uncapped players of the country will also be part of the auction.
This year’s auction will feature some high-profile India stars such as Rishabh Pant, KL Rahul, Shreyas Iyer and Arshdeep Singh.
The 10 franchises will collectively have around Rs 641.5 crore to spend for the available 204 slots.
Out of those 204 slots, 70 are earmarked for overseas players.
As of now, 46 players have been retained by the 10 franchises with cumulative expenditure of Rs 558.5 crore.
Each franchise was allocated Rs 120 crore to build their squads but after the retention process, which was announced on October 31, Punjab Kings have the biggest purse -- Rs 110.5 crore.
The Punjab outfit retained just two uncapped players -- Shashank Singh and Prabhsimran Singh for Rs 9.5 crore.
Rajasthan Royals, under Sanju Samson, have the smallest purse of Rs 41 crore after retaining six players.
The Kolkata Knight Riders have also retained six players but they have a remaining purse of Rs 51 crore.
