SpiceJet to partner with FTAI Aviation

08 Jun 2023 Evaluate

SpiceJet is planning to partner with FTAI Aviation, a leading aftermarket provider of engine services, on a CFM56 revitalization program. Under this program, FTAI Aviation will provide SpiceJet with up to twenty engines for lease, inclusive of maintenance services. By leveraging FTAI Aviation's engine expertise, SpiceJet will have access to a pipeline of available engines which eliminates the need for frequent shop visits. The revitalization program will reduce maintenance expense and minimize aircraft downtime, enhancing the airline's overall performance.

This program will further emphasize on SpiceJet's commitment to cost efficiency and operational excellence. The first engines will be used to support the re-activation of SpiceJet's aircraft fleet over the next 2-3 months and will be critical for service on new routes. With FTAI Aviation managing the engines, SpiceJet will strengthen its resource allocation and focus on delivering an exceptional travel experience while maximizing their operational potential.

SpiceJet is among the first private companies that stepped into the Indian aviation sector.

SpiceJet Share Price

35.97 -1.06 (-2.86%)
22-Sep-2023 18:01 View Price Chart
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