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Thursday, 19 March 2015

Manufacturers, lessors push Q400 alternatives to SpiceJet

Spicejet is in talks with Bombardier over the possible lowering of maintenance costs for its fleet of fifteen Dash 8-400s Ajay Singh has said. Last week, the budget carrier's new promoter alluded to having receiving proposals from aircraft lessors as well as manufacturers such as Embraer, Avions de Transport Régional, and Alenia Aermacchi concerning possible replacements for the Q400s, whose future with the airline has yet to be determined.


"Currently, we are in discussions with Bombardier to significantly lower the maintenance costs," Singh told India's Live Mint newspaper.

Since taking control of Spicejet from the Maran family earlier in the year, Singh has set about developing a suitable restructuring plan for the debt-stricken carrier. Earlier this month, Singh injected the first INR5 billion (USD81 million) tranche of a planned INR15 billion (USD243 million) investment into the airline. Funds were used to pay off creditors including lessors, fuel suppliers, and outstanding employee wages.
18/03/15 ch-aviationSpicejet Boeing 737-800

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