SpiceJet-Boeing enter into agreement on 737 Max grounding claims

by IANS |

New Delhi, Nov 17 (IANS) Budget passenger carrier SpiceJet has entered into a settlement agreement with global aerospace major Boeing over the grounding of 737 MAX aircraft and its return to service.

According to the airlines, under the agreement Boeing has agreed to provide certain "accommodations and settle the outstanding claims" related to the grounding and return to service of the aircraft.

"This paves the way for the induction of efficient and younger Max aircraft into SpiceJet's fleet and ensures the resumption of new aircraft deliveries from our order of 155 MAX aircraft," the airline said.

The Max aircraft has been grounded for over two years in India.

Recently, DGCA revoked the ban on the aircraft.

It had earlier suspended the aircraft's operations in March 2019 after two fatal crashes.

The aircraft only returned back to service in the third quarter (Q3) of FY22. It has 13 aircraft of this type in its fleet.

SpiceJet is the only operator of 737 MAX in India. The lifting of the ban couldn't have come at a better time for SpiceJet, as India has opened up its aviation sector to pre-Covid levels.

It had placed an order for 225 Maxs in 2017, while it has a firm order of 155 of these aircraft.

Latest News
'Everyone felt Covid's impact in the country', Congress slams govt Fri, Dec 03, 2021, 12:02 AM
Omicron: No case detected in TN so far, says Health Minister Fri, Dec 03, 2021, 12:01 AM
Wanted to give expensive gift to girlfriend, says i-Phone thief Thu, Dec 02, 2021, 11:59 PM
Omicron cases' infected contacts showing mild symptoms: K'taka Health Min Thu, Dec 02, 2021, 11:58 PM
Rajya Sabha passes Dam Safety Bill with amendment Thu, Dec 02, 2021, 11:57 PM
Over one-third wards dominated by females in KMC Thu, Dec 02, 2021, 11:56 PM
Steep fall for ex-Mumbai Police chief Param Bir Singh as suspension announced (Roundup) Thu, Dec 02, 2021, 11:54 PM
Over 1.5 lakh expected to attend PM's rally in Dehradun Thu, Dec 02, 2021, 11:53 PM
Goa BJP chief dares Cong to name minister accused of sex scandal Thu, Dec 02, 2021, 11:53 PM
HC asks Delhi govt to respond on revision of headload workers' wages Thu, Dec 02, 2021, 11:51 PM
Gurugram on alert amid Omicron scare Thu, Dec 02, 2021, 11:50 PM
Over 18 lakh farmers benefited with MSP value of Rs 57,032.03 cr: Govt Thu, Dec 02, 2021, 11:49 PM
Ridership, profit lower than projections for Delhi Metro's Phase 3: CAG Thu, Dec 02, 2021, 11:48 PM
DU Prof who researched on Parkinson's made Fellow of National Academy of Sciences Thu, Dec 02, 2021, 11:45 PM
'Jagdish Thakor to be new Gujarat Pradesh Congress Committee president, Rathwa LOP' Thu, Dec 02, 2021, 11:44 PM