India's SpiceJet partners with FTAI Aviation to restore fleet
India's SpiceJet said on Thursday that FTAI Aviation would lease it up to 20 engines, the first few of which the low-cost carrier would use to reactivate some of its grounded fleet over the next 2-3 months. The partnership with the US-based engine services provider "will reduce maintenance expense and minimise aircraft downtime, enhancing the airline's overall performance," Spicejet said in a statement. The Gurugram-based airline said last month it had begun to revive 25 of its grounded fleet using its own money and a $50m line of credit through an Indian government scheme it secured. SpiceJet had also said there were no plans to file for insolvency, quelling fears of a spillover after rival Go Airlines (India) filed for voluntary bankruptcy.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2023-06-09/unaligned/indias-spicejet-partners-with-ftai-aviation-to-restore-fleet
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India's SpiceJet partners with FTAI Aviation to restore fleet
India's SpiceJet said on Thursday that FTAI Aviation would lease it up to 20 engines, the first few of which the low-cost carrier would use to reactivate some of its grounded fleet over the next 2-3 months. The partnership with the US-based engine services provider "will reduce maintenance expense and minimise aircraft downtime, enhancing the airline's overall performance," Spicejet said in a statement. The Gurugram-based airline said last month it had begun to revive 25 of its grounded fleet using its own money and a $50m line of credit through an Indian government scheme it secured. SpiceJet had also said there were no plans to file for insolvency, quelling fears of a spillover after rival Go Airlines (India) filed for voluntary bankruptcy.<br/>
