Rakesh Jhunjhunwala-backed Akasa Air orders Boeing 737 MAX jets. Here’s all about the deal

Rakesh Jhunjhunwala-backed Akasa Air has placed an order for 72 Boeing 737 MAX jets, valued at nearly $9 billion at list prices, the US plane maker has said.

“We are honoured that Akasa Air… has placed its trust in the 737 family to drive affordable passenger service in one of the world’s fastest-growing aviation regions,” Stan Deal, president and chief executive officer (CEO) of Boeing Commercial Airplanes, said in a statement.

“We are delighted to partner with Boeing for our first airplane order and thank them for their trust and confidence in Akasa Air’s business plan and leadership team,” Akasa Air CEO Vinay Dube said.