India's SpiceJet in talks with Boeing, Airbus to buy 100 jets

New Delhi

SPICEJET Ltd is in talks with Boeing Co and Airbus Group to buy more than 100 single-aisle jets worth about US$11 billion at list prices, in what would be the Indian budget carrier's largest-ever plane order. The stock rose.

The discussions are for Airbus A320neo and Boeing 737 Max aircraft, SpiceJet chairman Ajay Singh said in an interview on Tuesday at Gurgaon, near New Delhi. A deal could be signed during the current financial year, which ends on March 31.

Carriers in India and China have ordered hundreds of new aircraft in the past decade as an economic boom encourages people in the world's two-most populous nations to travel more. India needs 1,600 new planes valued at US$205 billion in the next two decade…