Indian Low Cost carrier Spicejet said on Thursday that it has entered in a settlement with Aircraft Lessor Avolon that has leased the grounded Boeing B737 Max aircrafts to the Company. The step is definitely paving the way for the 737 MAX aircrafts to return to service.
The airline said, it expects to start operations of MAX aircraft around the end of September, subject to Indian DGCA approvals. Spicejet did not elaborate on the settlement details.
Spicejet did this disclosure under the Regulation 30 of the indian stock exchange regulator SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Ajay Singh, Chairman and Managing Director, SpiceJet, said,
“I am delighted to share that our 737 MAXs will be back in the air soon. As India emerges from Covid and air traffic picks up again, the MAX aircraft will play a major role in our future expansion. With a better and a more efficient fleet back in operation we expect a significant reduction in our operating costs improving our bottom line.”
After the 20 months ban, except China and India, almost all the major Countries and carriers around the world have brought back the the B737 MAX aircraft to return to service.
On 8th april, Flydubai restarted flying the aircraft, that was banned after two crashes five months apart which killed 346 people, plunging Boeing into a historical financial crisis since compounded by the pandemic.
Regulatory authorities around the world are looking into compliance of following criteria for the approval for the MAX aircrafts to return to service.
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