Thursday, January 23, 2020

SpiceJet to induct more aircraft on a short-term lease due to delay in return of Boeing MAX

The delay in the return of Boeing 737 MAX aircraft is "disappointing" and will mean induction of more aircraft on a short-term lease for SpiceJet, chairman and managing director Ajay Singh told CNBC-TV18.

The reaction from the Indian customer of the grounded Boeing 737 MAX comes as the timeline for the return of MAX to service has been postponed to mid-2020 from early 2020.

While SpiceJet is still expecting an early return hoping that the timeline of mid-2020 is "more cautionary than real", Boeing has cautioned its customers about "rigorous scrutiny" by regulators.

"It (timeline) is subject to our ongoing attempts to address known schedule risks and further developments that may arise in connection with the certification process. It also accounts for the rigorous scrutiny that regulatory authorities are rightly applying at every step of their review of the 737 MAX's flight control system and the Joint Operations Evaluation Board process which determines pilot training requirements," Boeing said in a statement on January 21 after reports emerged of a discovery of a new flaw in the MAX.

The fastest-selling aircraft of Boeing has been grounded worldwide since March 2019 after two fatal accidents occurred within a period of six months in B737 MAX due to a flaw in its flight control system.

The grounding of MAX, which promised better fuel efficiency and lower operating costs, has put a financial strain on its customers as airlines implement alternative options by inducting aircraft on a short-term lease to continue expansion.
23/01/20 CNBC TV18
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