Compensation from Boeing over 737 MAX grounding key to SpiceJet operations

Incentives crucial for its survival as 737 MAX grounding stalls expansion plans

SpiceJet, a key customer for Boeing, is desperately waiting for compensation from the US aerospace major over grounding of 737 MAX aircraft, which is key to its survival. 

The company received an interim offer for compensation from Boeing two days back. 

“We do have an interim offer from Boeing, which gives us a lot of confidence of what we have shown in balance sheet. The Boeing compensation is important and will play a key role in the entire operation,” said SpiceJet Chief Financial Officer (CFO) Kiran Koteshwar.

The CFO said he expected a significant portion of