Debt-laden Jet Airways India Ltd. faces the prospect of seeing some of its leased Boeing Co. 737-800 aircraft reallocated to other carriers as a global grounding of the planemaker’s newest Max series spurs demand for other models.
BOC Aviation Ltd., the company leasing some of them to Jet Airways, is seeing “quite a lot of demand” for the planes, Robert Martin, the lessor’s chief executive officer, said Thursday.
Demand for older versions of 737s is set to increase after two fatal crashes in five months involving 737 Max 8 jets prompt regulators to bar the plane amid an investigation into the safety of the aircraft. The 737 family as well as Airbus SE’s A320s form the backbone of modern commercial aviation, with most short-haul routes being covered by these jets.
