Bombardier Aerospace has received an order for 15 Q400 turboprop airliners with an option for 15 more from SpiceJet of Gurgaon, India.
The order is valued at $446 million and would increase to $915 million if all options are converted to firm orders, the company said.
India is growing substantially, said SpiceJet chairman of the board Kalanithi Maran in a statement. The airline wants to cater to growing markets and establish service there.
The order is important to Bombardier as it establishes the Q400 airliner in India, Bombardier Commercial Aircraft president Gary Scott said in a statement.
India is expected to take delivery of 600 commercial aircraft in the 20- to 149-seat category in the next 20 years, Scott said.
“At this time, when new airports are being commissioned by the Indian government, Bombardier is uniquely positioned to support the development of Indian’s airline network,” he said.