Indian budget airline Spicejet has announced that it will exercise options for 10 Next-Generation 737s, including five 737-800s and five 737-900ERs, and has secured 10 additional options.
The New Delhi-based carrier, launched in May 2005 into the very competitive low cost market in India.
"I think the new planes will give us better options to formulate competitive price strategies. It will also stimulate market due to better pricing and enable us to fulfill our goal of ensuring every Indian fly," said Mr. Ajay Singh Director SpiceJet.

Boeing said that "SpiceJet follows a very established and successful low-cost model in India. Therefore, we are thrilled that this outstanding customer is reaffirming its commitment to the Next-Generation 737 family by finalizing this agreement,"