Spicejet has not changed the status of its order for forty-two B737 MAX 8 jets the President of Boeing India, Pratyush Kumar, has said. Placed in March 2014, deliveries are still expected to commence in 2018 as the carrier seeks to return to profitability through an increase in its overall available seat capacity.
Immediate plans to increase its fleet from nineteen B737-800s to twenty-six by summer and thirty-three by the end of the year have been hindered by existing lessors unwillingness to extend leases with the carrier. Earlier this month, Ireland's Babcock & Brown Aircraft Management (BBAM) moved to repossess six B737-800s amid claims of USD100 million in unpaid leasing dues and MRO fees.
But, in the interests of protecting its airline industry, Bloomberg news last week quoted an anonymous government official as saying India would help Spicejet retain its fleet of aircraft despite the country being a signatory to the Cape Town Convention, which defines the rights of aircraft owners or lessors in the event of a default on payments, allowing them to repossess their equipment quickly if there is no resolution.
23/02/15 ch-aviation
Immediate plans to increase its fleet from nineteen B737-800s to twenty-six by summer and thirty-three by the end of the year have been hindered by existing lessors unwillingness to extend leases with the carrier. Earlier this month, Ireland's Babcock & Brown Aircraft Management (BBAM) moved to repossess six B737-800s amid claims of USD100 million in unpaid leasing dues and MRO fees.
But, in the interests of protecting its airline industry, Bloomberg news last week quoted an anonymous government official as saying India would help Spicejet retain its fleet of aircraft despite the country being a signatory to the Cape Town Convention, which defines the rights of aircraft owners or lessors in the event of a default on payments, allowing them to repossess their equipment quickly if there is no resolution.
23/02/15 ch-aviation
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