SpiceJet to seek compensation from Boeing after grounding 737 Max aircraft

SpiceJet had bet its fortunes heavily on the new version of the 737 of which it has 13 planes in its fleet and another 193 aircraft on order

SpiceJet will seek compensation from Boeing and demand credit on maintenance, repair, and overhaul for the 12 grounded 737 MAX aircraft. The airline, which had an aggressive expansion plan that banked on the delivery of the Boeing 737 Max, will now look to lease old planes.

SpiceJet had bet its fortunes heavily on the new version of the 737, of which it has 13 planes in its fleet and 192 on order. The fuel-efficient and longer range 737 MAX provided an opportunity for SpiceJet to control its cost and plan new foreign routes, the future of which looks uncertain now.