New Delhi: With an order for 42 Boeing 737 Max worth $4.4 billion from crisis-ridden SpiceJet, the US aircraft major hopes that SpiceJet's strategy of "shrinking now and expanding later" — a reference to SpiceJet's ruthless fleet reduction — would work. Boeing commercial airplanes (VP-sales) Dinesh Keskar was in India recently and told TOI that the delivery of 737 Max to SpiceJet, Boeing's answer to Airbus' successful A320 Neo, begins from 2018 onwards and by then the low-cost carrier (LCC) "will find a way out".
SpiceJet had ordered 42 Boeing 737 Max at the Hyderabad air show this March. But today, the LCC is struggling to survive by returning planes and drastically cutting flights.
"I am not much worried. Their strategy is of shrinking now and expanding later. When you are hurting, the last thing you want to do is to expand. Anyway, SpiceJet is supposed to start getting the Max from 2018 onwards," Keskar said. SpiceJet is today flying 22 Boeing 737s — down from 35 in summer — and has cut over 50 daily flights reportedly due to a lack of funds that saw leasors taking back planes.
04/12/14 Saurabh Sinha/Times of India
To Read the News in full at Source, Click the Headline
SpiceJet had ordered 42 Boeing 737 Max at the Hyderabad air show this March. But today, the LCC is struggling to survive by returning planes and drastically cutting flights.
"I am not much worried. Their strategy is of shrinking now and expanding later. When you are hurting, the last thing you want to do is to expand. Anyway, SpiceJet is supposed to start getting the Max from 2018 onwards," Keskar said. SpiceJet is today flying 22 Boeing 737s — down from 35 in summer — and has cut over 50 daily flights reportedly due to a lack of funds that saw leasors taking back planes.
04/12/14 Saurabh Sinha/Times of India
