New Delhi: Spicejet may be compelled to take 11 Boeing 737 aircraft on fresh lease from two airlines this week. Unending troubles with at least three different aircraft lessors may force the airline's incoming promoters to take this step, sources tell us.
Three different lessors have reportedly stuck to their demand to repossess 11 Boeing 737 aircraft which are currently with SpiceJet because of delays in payment of lease rentals. They have already petitioned aviation regulator DGCA on this matter since its nod is required for repossession. It is possible that they start taking back aircraft by the middle of this week, a source told Firstpost.
If that happens, SpiceJet's fleet will be severely depleted which is perhaps why the airline has been negotiating with a budget airline of the Gulf for leasing eight aircraft and also with another airline to get the remaining three aircraft. This could mean a temporary reprieve for the airline from paying current lease rentals but the leasing costs may go up in fresh contracts which may be forged in a hurry. Besides, this may throw a spanner in Ajay Singh's plan to expand the current Boeing fleet from 19 now to 26 quickly.
26/01/15 First Post
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Three different lessors have reportedly stuck to their demand to repossess 11 Boeing 737 aircraft which are currently with SpiceJet because of delays in payment of lease rentals. They have already petitioned aviation regulator DGCA on this matter since its nod is required for repossession. It is possible that they start taking back aircraft by the middle of this week, a source told Firstpost.
If that happens, SpiceJet's fleet will be severely depleted which is perhaps why the airline has been negotiating with a budget airline of the Gulf for leasing eight aircraft and also with another airline to get the remaining three aircraft. This could mean a temporary reprieve for the airline from paying current lease rentals but the leasing costs may go up in fresh contracts which may be forged in a hurry. Besides, this may throw a spanner in Ajay Singh's plan to expand the current Boeing fleet from 19 now to 26 quickly.
26/01/15 First Post
