The value of the deal is expected to touch $10.1 billion.

Bloombers has reported citing sources with direct knowledge of the matter at hand, SpiceJet Ltd, an Indian budget airlines, is expected to place an order for at least 92 737 jetliners from Boeing Co in order to bolster its presence in the world’s fastest growing aerospace market.

The deal is likely to more than double SpiceJet’s 40-plane fleet.

The deal is likely to be around $10.1 billion.

When asked to respond to requests for comments, SpiceJet was not immediately available outside regular business hours while Boeing declined to comment.

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Tags: aerospace, airlines, Boeing, budget airlines, fleet, India, industry, world’s fastest growing market