Boeing believed close to $10b buy from SpiceJet

Indian budget airline SpiceJet Ltd is poised to order at least 92 Boeing Co 737 jetliners - as the carrier maps out a rapid expansion in the world's fastest-growing air traffic market.

The transaction, which would more than double SpiceJet's 49-plane fleet, may be closed within weeks, after lengthy talks that pitted Boeing against rival Airbus Group SE, sources with direct knowledge of the decision said.

The deal includes firm orders for at least 50 of Boeing's 737 Max model and renegotiated terms for 42 of the single-aisle jets that SpiceJet originally ordered in 2014, the sources added.