Team News Riveting
Mumbai, November 17
SpiceJet has entered into an agreement with the U.S.-based aerospace company Boeing to settle outstanding claims related to the grounding of 737 Max aircraft.
The Directorate General of Civil Aviation (DGCA) has grounded all 737 Max planes in India on March 13, 2019 following the crash of an Ethiopian Airlines 737 Max plane near Addis Ababa, which had left 157 people, including four Indians, dead. India’s aviation regulator DGCA had on August 26 lifted the ban on 737 Max aircraft’s commercial flight operations after almost two-and-half years.
SpiceJet’s fleet of 13 Max aircraft has not operated any commercial flight since March 2019 and airline had subsequently raised claims with Boeing regarding “cost and losses”.
“The Company is pleased to announce that it has entered into a settlement agreement with Boeing wherein Boeing has agreed to provide certain accommodations and settle the outstanding claims related to the grounding of 737 MAX aircraft and its return to service. This paves the way for the induction of efficient and younger MAX aircraft into the Company’s fleet and ensures the resumption of new aircraft deliveries from our order of 155 MAX aircraft,” the company said in a regulatory filing.
The airline did not specify how much amount it has received from Boeing as compensation.
