Indian low-cost carrier (LCC) SpiceJet has signed a letter of intent (LOI) for the purchase of up to 50 Bombardier Q400 turboprops, the Canadian manufacturer announced at the Paris Air Show June 20. The LOI includes 25 Q400 turboprops and purchase rights on an additional 25 aircraft, and is valued at $1.6 billion if all rights are exercised, based on current list prices. “[The Q400’s] 86-seat configuration will support SpiceJet [to] develop its domestic operations from ...

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