Indian low-cost carrier SpiceJet is in talks with Airbus and Boeing over its fleet expansion options.
The carrier is evaluating the re-engined Airbus A320neo and the Boeing 737 Max, but talks are still at an early stage, says a spokeswoman when contacted.
She declined to say how many aircraft the carrier plans to add.
Local media reports, however, say SpiceJet is in talks with the airframers for at least 30 narrowbodies. They add that the carrier is also planning to raise more than $50 million through a share sale and the funds raised would go towards its fleet expansion plans.
SpiceJet is widely expected to go with the 737 Max since it already has a fleet of 36 Boeing 737s. It also operates 12 Bombardier Dash 8 Q400s and has 30 737-800s and three Q400s on order.
The carrier's net profit swung back into the black for the first quarter of its fiscal year, reversing five consecutive quarters of losses. Its net profit grew to Rs562 million ($10.1 million) for the period ended 30 June, from a net loss of Rs720 million a year ago. This was against a loss of Rs2.4 billion in the preceding quarter.