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The agreement follows successful arrangements with CFM International Inc, the OEM for LEAP-1B engines, and the lessor for the 737 MAX aircraft.
This initiative is a key part of SpiceJet’s strategic efforts to restore its fleet, enhance operational capabilities, and support its rapid expansion plans.
SpiceJet on Friday said it has entered into a services agreement with StandardAero Inc, a US-based engine MRO (maintenance, repair and overhaul) provider, to restore the budget airline’s grounded Boeing 737-8 MAX fleet.
The agreement follows successful arrangements with CFM International Inc, the OEM for LEAP-1B engines, and the lessor for the 737 MAX aircraft. These developments pave the way for the un-grounding and return to service of three Boeing 737 MAX aircraft by April 2025.
“SpiceJet has entered into a services agreement with StandardAero Inc, a leading US-based engine MRO (maintenance, repair and overhaul) provider and a ‘Premier MRO’ provider for CFM LEAP-1B engines. This collaboration will enable the restoration of SpiceJet’s grounded Boeing 737-8 MAX fleet,” SpiceJet said in a statement.
This initiative is a key part of SpiceJet’s strategic efforts to restore its fleet, enhance operational capabilities, and support its rapid expansion plans, the airline said.
“As part of the global deal, CFM International will provide material and support services for these LEAP-1B engines for restoration of the engines, underscoring its collaborative partnership with the airline,” it said.
In the past two months, SpiceJet has resolved disputes with multiple prominent lessors, including Export Development Canada, Engine Lease Finance Corporation, Babcock & Brown Aircraft Management, Aircastle (Ireland), Wilmington Trust SP Services (Dublin) Limited, Shannon Engine Support Limited and Genesis.
Ajay Singh, chairman and managing director of SpiceJet, said, “We are pleased to announce this important milestone in our fleet restoration efforts. The collaboration with StandardAero, CFM International and the lessor is a testament to our commitment to make progressive moves and ensuring the timely return to service of our aircraft. The return of three fuel-efficient 737 MAX aircraft will not only strengthen our operations but also provide a significant boost to our financial health.”
Lewis Prebble, president (airlines & fleets) for StandardAero Inc, said, “We are delighted to partner with SpiceJet and contribute towards their impressive and extraordinary journey of recovery. We look forward to expanding our relationship by providing MRO services supporting LEAP-1B engines, as well as collaborating on their other fleet types.”
