{"id":316331,"date":"2020-01-24T12:40:27","date_gmt":"2020-01-24T07:10:27","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=316331"},"modified":"2020-01-24T12:40:27","modified_gmt":"2020-01-24T07:10:27","slug":"spicejet-to-take-substantial-profit-hit-from-737-max-grounding-ajay-singh","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-to-take-substantial-profit-hit-from-737-max-grounding-ajay-singh\/","title":{"rendered":"SpiceJet to take &#8216;substantial&#8217; profit hit from 737 MAX grounding: Ajay Singh"},"content":{"rendered":"<p>Indian airline SpiceJet Ltd expects a &#8220;substantial&#8221; profit hit from the grounding of Boeing&#8217;s 737 MAX aircraft, co-founder and chairman Ajay Singh said on Thursday.<\/p>\n<p>The budget carrier is in active talks with the planemaker on compensation for 737 MAX-related costs, Singh told the Reuters Global Markets Forum, adding he expected a payment from Boeing to compensate some of the lost profit and he wants to give the US firm &#8220;every possible opportunity&#8221; to recover before turning to rival Airbus.<\/p>\n<p>Below are excerpts from the interview, conducted on the side lines of the World Economic Forum&#8217;s annual meeting in Davos, Switzerland:<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian airline SpiceJet Ltd expects a &#8220;substantial&#8221; profit hit from the grounding of Boeing&#8217;s 737 MAX aircraft, co-founder and chairman Ajay Singh said on Thursday. The budget carrier is in active talks with the planemaker on compensation for 737 MAX-related costs, Singh told the Reuters Global Markets Forum, adding he expected a payment from Boeing to compensate some of the lost profit and he wants to give the US firm &#8220;every possible opportunity&#8221; to recover before turning to rival Airbus. Below are excerpts from the interview, conducted on the side lines of the World Economic Forum&#8217;s annual meeting in Davos, [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-316331","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/316331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=316331"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/316331\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=316331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=316331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=316331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}