Monday, November 18, 2019

SpiceJet in talks with Boeing to buy more 737 Max planes: Ajay Singh

Indian low-cost carrier SpiceJet Ltd. is in talks with Boeing Co. to buy more 737 Max aircraft to feed its expansion plans, a deal that could mark a Dubai Airshow coup for the grounded narrow-body.
A sales lull for the Max, idled globally since March, allows SpiceJet to acquire planes at a lower cost, Chairman Ajay Singh said in an interview with Bloomberg TV at the biennial event. He said the carrier is looking to set up a new hub in the Middle East and expand to eastern Europe.
Discussions are taking place and the size of the order hasn’t been determined, Singh said.

The Max, a global workhorse on shorter routes, has seen sales crippled by the crisis triggered by two deadly crashes. At the air show, Boeing executives have focused public comments around getting the plane flying again while mending fences with airline customers and suppliers.

A high-profile sale would be a morale-booster for the stricken program. At the Paris air show in June, Boeing announced a blockbuster deal with British Airways owner IAG SA for 200 Max jets. That helped the U.S. planemaker counter an onslaught of orders for Airbus SE’s rival 320-series narrow-body, including the just-introduced long-distance version, the 321 XLR.
18/11/19 Anurag Kotoky Siddharth Philip & Yousef Gamal El-Din/Business Standard/Bloomberg/Business Standard

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