Airlines

Spicejet likely to induct 7 Boeing 737 Max aircraft on wet lease by November-end

#Spicejet will probably start taking delivery of 7 Boeing 737 Max planes by the end of November in preparation for the winter schedule.

Spicejet will probably start taking delivery of 7 Boeing 737 Max planes by the end of November in preparation for the winter schedule. The number of flights the airline runs during the winter season may be lower than during the summer season.

Korean Black Eagles aircraft skids and catches fire on Changi Airport.(Opens in a new browser tab)

Two aircraft are likely to be inducted by the end of October, and the remaining ones by the end of November. There have been strong headwinds for Spicejet. At least six aeroplanes have had their registrations removed in the recent months. In order to balance out the aircraft that have been deregistered, the person explained that these aircraft were being wet-leased.

The no-frills carrier has recently experienced some technological difficulties as well. SpiceJet was asked by the DGCA in July to run at up to 50% of the number of departures authorized under the summer schedule 2022 until October 29, 2022.

Jet Airways Could Start Operations with Five Aircraft by October End, Details Here(Opens in a new browser tab)

For the summer schedule, SpiceJet received authority to run 600 daily flights, of which it ran about 300. SpiceJet would fly fewer daily flights than the summer timetable. It declared that it will send a total of 80 pilots who fly Dash 400 and Boeing 737 planes on unpaid leave. This will be done for three months, presumably to cut costs for the airline.

The past few quarters have seen a severe cash crunch for SpiceJet. It reported a 789 crore net loss in the first quarter of FY23. A beneficiary of the Emergency Credit Line Guarantee Scheme is SpiceJet. Both 200 crore and 400 crore were made available.

This is the third time that the government has also offered assistance to the airlines. According to sources, SpiceJet has applied to participate in the scheme’s current round of benefits. “The promoters are working to set up the necessary equity.

Source:

Airlines

PIA Reinstates Manchester and Paris Routes After EU Ban Lift

Pakistan International Airlines (PIA) has announced plans to resume flights to Europe starting in January, beginning with Paris as its first destination.

The decision follows the European Union Aviation Safety Agency’s (EASA) removal of a long-standing ban on the airline. PIA’s inaugural flight to Paris is scheduled for January 10, with bookings opening on December 9.

DOT Proposes New Passenger Compensation Rules for Flight Disruptions

In an official statement, PIA spokesperson Abdullah Hafeez Khan confirmed that the first flight schedule has been approved, marking a significant milestone in the airline’s recovery efforts. The EU ban had previously cost PIA approximately Rs40 billion ($144 million) annually in lost revenue, compounding its financial struggles.

With European operations restarting, PIA is now setting its sights on the United Kingdom. The airline plans to seek approval from the UK Department for Transport (DfT) to resume flights to major British cities such as London, Manchester, and Birmingham.

Top 10 Best Airlines in the World by AirHelp Survey

These routes are anticipated to see high demand once necessary clearances are obtained. The lifting of the EU ban represents a key achievement for PIA as it works to rebuild its international network and regain its standing in the global aviation market.

By restoring flights to Europe and aiming for UK destinations, PIA is taking critical steps toward recovering lost ground and improving its financial outlook.