Spicejet has announced that it has entered into a settlement with Avolon, a major lessor of Boeing’s Max aircraft, thereby paving the way for the airline’s 737 Max aircraft to start to return to service.
The Indian low-cost carrier stated that it expects to start operations of Max aircraft around the end of September 2021 subject to regulatory approvals.
Ajay Singh, chairman, and managing director, Spicejet, said:
“I am delighted to share that our 737 Max will be back in the air soon. As India emerges from Covid and air traffic picks up again, the Max aircraft will play a major role in our future expansion.
“With a better and a more efficient fleet back in operation we expect a significant reduction in our operating costs improving our bottom line.”
According to a Reuters report, about 30 airlines and 175 countries have allowed the 737 Max to return to service following a nearly two-year safety ban. The aircraft was grounded in March 2019 following two crashes that claimed 346 lives.