SpiceJet could benefit from Jet Airways being forced to ground planes, and the low-cost carrier is in talks with lessors to lease some of those aircraft.
SpiceJet was forced to ground its 12 Boeing 737 MAX 8 planes by India’ Directorate General of Civil Aviation.
SpiceJet needs at least twelve 737s to cover the grounded MAX planes and it is negotiating for more. Jet Airways pilots are also queuing up to join the budget airline.
“Lessors are panicking as they haven`t been paid and if Jet Airways goes for insolvency, their planes will be stuck in India”
Jet Airways` lessors have offered 50 aircraft to SpiceJet.
Jet Airways and SpiceJet did not immediately respond to a request for comment.