Wednesday, October 23, 2019

India’s SpiceJet sees ‘significant’ impact from Boeing groundings

Ras Al Khaimah: India’s SpiceJet reiterated on Wednesday its commitment to Boeing’s 737 Max aircraft even as it said there have been “significant consequences” from the grounding of the model.

Ajay Singh, chairman and managing director of SpiceJet, said the financial fallout for the airline from having to ground 13 aircraft of that model since March has been “very bad, no question about it.” Still, he said that Boeing has long been a key partner, and “we owe it to Boeing to support them.”

Boeing’s 737 Max aircraft have been banned from flying across the world after two fatal crashes involving the model.

Singh said the financial impact came from having to instead deploy other aircraft models, which are costlier to operate and not as efficient as the 737 Max. The grounding has also forced SpiceJet to halt expansion plans to certain markets that would have benefited from the longer flight range of the 737 Max.
23/10/19 Sarah Diaa/Gulf News
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