New Delhi: SpiceJet Ltd is likely to face added financial pressure next year amid increasing uncertainty over deliveries of Boeing 737 Max aircraft that India’s second-largest airline has ordered, analysts said.
On Monday, The Wall Street Journal reported that Boeing may consider suspending production of 737 Max planes or reducing the output until clearances from the US Federal Aviation Administration’s (FAA) are obtained. Boeing’s 737 Max planes have been grounded since March following two fatal crashes in Indonesia and Ethiopia that killed a total of 346 people.
SpiceJet ordered as many as 205 of these planes in 2017, of which 13 have been delivered. The planes are, however, grounded due to the ongoing FAA safety review.
