SpiceJet the Indian discount carrier part-owned by billionaire Kalanithi Maran, will spend $900 million on buying as many as 30 Bombardier Inc. aircraft as it works to more than double its fleet in about three years.
The Q400 turboprop planes are to be delivered from the second quarter of next year, and will help the airline add flights to smaller destinations, New Delhi-based SpiceJet said in a statement today. The carrier also reported a second-quarter profit compared with a year-earlier loss.
Source
http://www.bloomberg.com/news/2010-11-02/spicejet-to-buy-30-bombardier-q400-turboprop-aircraft-for-900-million.html