SpiceJet finalises settlement with major lessor of MAX aircraft

SpiceJet, India's favourite airline, today announced that it has entered into a settlement with Avolon, a major lessor of MAX aircraft, paving the way for the airline's 737 MAX aircraft to start to return to service.

The airline 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 MAXs 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."

Shares of SpiceJet Limited was last trading in BSE at Rs. 71.05 as compared to the previous close of Rs. 71.6. The total number of shares traded during the day was 584212 in over 3988 trades.

The stock hit an intraday high of Rs. 74 and intraday low of 70.35. The net turnover during the day was Rs. 42063615.

Source : Equity Bulls

Keywords