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SpiceJet enters settlement agreement with Boeing over 737 MAX aircraft deal

Budget airline SpiceJet said today that the US planemaker Boeing had agreed to settle the outstanding claims related to the grounding of its 737 MAX aircraft.

“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,” said in a regulatory filing.

“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,”  added the statement further.

The settlement will allow the resumption of new aircraft deliveries from SpiceJet’s order of 155 MAX aircraft, the airline said, adding that it will also pave the way for inducing “efficient and younger MAX aircraft” into its fleet.

SpiceJet is Boeing’s biggest customer in the South Asian nation for the MAX planes.

India’s air safety regulator had cleared in August the 737 MAX aircraft to fly after a near two-and-a-half-year regulatory grounding following two fatal crashes in 2019.

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