SpiceJet Finalises Settlement with Major Lessor of MAX Aircraft
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SpiceJet has entered into a settlement with Avolon, a major lessor of MAX aircraft, paving the way for the airline's 737 MAX aircraft to start to return to service.
The airline expects to start operations of MAX aircraft around the end of September 2021 subject to regulatory approvals.
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."