New Delhi: SpiceJet has said it is incurring various costs related to the grounded Boeing 737 MAX aircraft and that uncertainty continues over the timing of return of these planes to operations.
The no-frills airline has grounded 13 MAX aircraft. Globally, these planes have been grounded since March this year following regulatory directives in the wake of two crashes involving the aircraft.
"The company's fleet of thirteen MAX aircraft continues to be grounded and despite its inability to undertake revenue operations, the company continues to incur various costs with respect to MAX aircraft," SpiceJet said in its annual report for 2018-19.
The Directorate General of Civil Aviation (DGCA) and other civil aviation authorities decided to suspend operations of MAX aircraft after the crashes involving the planes of Lion Air and Ethiopian Airlines in October 2018 and March 2019, respectively.
"There continues to be uncertainty in the timing of the return to operations of MAX aircraft and the company continues to work with the aircraft manufacturer to address the above, including seeking reimbursement of ascertained costs and losses based on its assessment," the report said.
In 2016-17, the airline placed an order for up to 205 MAX aircraft, including firm order for 155 such planes.
Last fiscal, the airline inducted 18 new planes, including 13 Boeing 737-8 MAX aircraft and five 90-seater Q400s. In April and May 2019, the carrier inducted 26 new aircraft, including 22 Boeing 737 and 4 Q400s, according to the report.
06/09/19 PTI/Times of India
To Read the News in full at Source, Click the Headline
The no-frills airline has grounded 13 MAX aircraft. Globally, these planes have been grounded since March this year following regulatory directives in the wake of two crashes involving the aircraft.
"The company's fleet of thirteen MAX aircraft continues to be grounded and despite its inability to undertake revenue operations, the company continues to incur various costs with respect to MAX aircraft," SpiceJet said in its annual report for 2018-19.
The Directorate General of Civil Aviation (DGCA) and other civil aviation authorities decided to suspend operations of MAX aircraft after the crashes involving the planes of Lion Air and Ethiopian Airlines in October 2018 and March 2019, respectively.
"There continues to be uncertainty in the timing of the return to operations of MAX aircraft and the company continues to work with the aircraft manufacturer to address the above, including seeking reimbursement of ascertained costs and losses based on its assessment," the report said.
In 2016-17, the airline placed an order for up to 205 MAX aircraft, including firm order for 155 such planes.
Last fiscal, the airline inducted 18 new planes, including 13 Boeing 737-8 MAX aircraft and five 90-seater Q400s. In April and May 2019, the carrier inducted 26 new aircraft, including 22 Boeing 737 and 4 Q400s, according to the report.
06/09/19 PTI/Times of India
0 comments:
Post a Comment