SpiceJet settles with CDB Aviation for leasing Boeing 737 Max airplanes
Category: #business  By Pranali Mehta  Date: 2021-09-14
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SpiceJet settles with CDB Aviation for leasing Boeing 737 Max airplanes
  • This news comes after the airline signed a settlement with Avalon, another lessor of the Max aircraft.
  • The settlement is a part of SpiceJet’s efforts to start operations of the Boeing 737 Max aircraft by September end.

SpiceJet Limited has reportedly entered a settlement with Dublin-based CDB Aviation, a major lessor of the Boeing 737 Max aircraft. This news comes ahead of the company’s efforts to start operations of the Max aircraft by the end of September 2021, if regulatory approvals are received.

If sources are to be believed, the Haryana-based airline had previously stated that it agreed to a settlement with Avolon, another lessor of the Max aircraft, thus paving the way for Boeing 737 Max’s return to service.

The Directorate General of Civil Aviation (DGCA), the aviation regulator in India, recently lifted the ban on the commercial operation of Boeing 737 Max planes after approximately two and a half years.

For those unaware, all Boeing 737 Max planes were grounded by the DCGA on March 13, 2019, following a 737 Max plane crash, operated by an Ethiopian airline on March 10. The crash had killed 157 people, including four Indian citizens.

As per the Indian aviation regulator’s order dated August 26, 2021, the DGCI has been closely monitoring the global trend of ungrounding 737 Max planes since the orders issued by the European Union Aviation Safety Agency (EASA) and the Federal Aviation Administration (FAA) last year.

A total of 34 airlines across the globe have operated approximately 1,22,000 flights using the 345 Max aircraft without any untoward occurrences since the plane’s ungrounding in late 2020, cited sources with relevant information.

The operation of Boeing 737 Max has thus been permitted upon the complete satisfaction of applicable requirements as given by the DGCA.

Source Credits—

https://www.moneycontrol.com/news/business/spicejet-settles-with-boeing-737-max-lessor-cdb-aviation-7460381.html

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About Author

Pranali Mehta

Pranali Mehta    

Pranali Mehta boasts of over three years of experience as a content writer. Having completed her graduation in chemical engineering, she worked as safety & environment associate in a chemical company for a year. Harnessing her passion for writing however, Pranali deci...

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