Rentals up post Max crisis, Jet’s lessors of grounded Boeing 737 in talks with SpiceJet

NEW DELHI: Several of Jet Airways’ grounded Boeing 737s (not Max but previous generation) could soon be flying for SpiceJet. Over 50 of the cash-strapped airline’s aircraft, a mix of turboprops, narrow and wide body, have been grounded by unpaid lessors beginning last month. Barring a handful, lessors have not deregistered these aircraft from Jet’s name, repossessed and flown them out of India.
“On Saturday, three companies that leased Boeing 737 NG (new generation, not Max) to Jet and grounded them for non-payment met SpiceJet chairman Ajay Singh. The aircraft are in India and in terms of processes it is easier to deregister them from Jet’s name and lease them to SpiceJet so that they can start flying the planes at the earliest,” said sources.