SpiceJet (SPJT.NS) of India announced on Thursday that FTAI Aviation (FTAI.O) will lease up to 20 engines, the first few of which would be used to restart some of its grounded aircraft over the next 2-3 months.
The collaboration with the engine services provider based in the United States "will reduce maintenance expense and minimise aircraft downtime, enhancing the airline's overall performance," Spicejet said in a statement.
The Gurugram-based airline announced last month that it has begun reviving 25 of its grounded fleet with its own funds and a $50 million line of credit secured through an Indian government initiative.
SpiceJet has also stated that it had no plans to declare bankruptcy, assuaging fears of a spillover after rival Go Airlines (India) declared voluntary bankruptcy.
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google