SpiceJet Eyes MAX Deliveries Amid Engine Theft Allegations

SpiceJet, a leading Indian low-cost carrier, is set to revive its dormant Boeing 737 MAX order while grappling with fresh allegations of engine theft from leased aircraft. Managing Director Ajay Singh announced the plans at the airline’s annual general meeting on December 30, 2024, as part of a strategy to rebuild capacity and compete against market giants.

Singh revealed plans to restart deliveries of the Boeing 737-8, with discussions with Boeing expected in the coming months. SpiceJet initially placed firm orders for 155 units of the MAX series but halted deliveries after receiving just 13 aircraft due to financial constraints. The carrier aims to unground 30 aircraft within 12-15 months, supported by a new partnership with StandardAero.

Meanwhile, Spectre Air Capital has accused SpiceJet of removing engines from three leased Boeing 737-700(BDSF)s without approval or payment. A legal letter alleges SpiceJet is guilty of “theft” for using high-value equipment without compensating the lessor. The engines in question were removed from aircraft stored in India and are reportedly part of SpiceJet’s efforts to reactivate its fleet by early 2025.

SpiceJet currently operates only 27 aircraft, including nine wet-leased units, with 29 others grounded due to lease defaults and parts shortages. The airline recently raised INR30 billion (USD351 million) to unground its fleet and address ongoing lease disputes. Singh emphasized the need for strong Indian airlines to prevent a market duopoly dominated by Air India and IndiGo.

Talks between SpiceJet and Spectre for additional leases remain ongoing.

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Sources: AirGuide Business airguide.info, bing.com, ch-aviation.com