The shares of SpiceJet jumped nearly 3 percent on July 3 after the Indian airline announced that it has received the first two of its overhauled engines from international MRO provider StandardAero. The firm also said that it has successfully ungrounded another Boeing 737 NG.
The shares of the company were trading at Rs 40.37 apiece in the afternoon.
In an exchange filing, SpiceJet said that the two overhauled engines includes one CFM LEAP‐1B engine that powers the Boeing 737 MAX planes. This was overhauled at StandardAero's Houston, US. The other engine was the Q400 engine, received from StandardAero’s Singapore facility.
A total of 17 engines were sent for overhaul as part of its “fleet revival plan”, SpiceJet said. “With the receipt of the first two engines, SpiceJet expects a steady flow of additional engines in the coming months,” the airline added.
Six CFM LEAP‐1B engines were sent to StandardAero’s Houston facility, and seven Q400 engines were sent to its Singapore facility. Additionally, four engines have been sent to Carlyle Aviation to support the revival of grounded Boeing 737 NG aircraft, the airline said.
SpiceJet said that is has successfully ungrounded another Boeing 737 NG aircraft, which returned to active service in June, “reinforcing SpiceJet’s commitment to restoring fleet capacity in a structured and phased manner”.
Notably, SpiceJet shares were in focus today after a window pane on a Goa-Pune flight allegedly popped out mid-air, causing panic among passengers. "The whole interior window assembly just fell off mid flight. And this flight is now supposed to take off and head to Jaipur. Wonder if it’s air worthy," a passenger said.
However, SpiceJet soon issued a clarification. It said that the cosmetic window frame came out. "A cosmetic window frame on one of SpiceJet’s Q400 aircraft became loose during flight and was found dislodged. It is important to note that this was a non-structural trim component, fitted onto the window for the purpose of shade, and did not compromise the safety or integrity of the aircraft in any way,” the airline said in a statement," it said in its clarification.
SpiceJet shares have fallen over 6 percent in the past one month, and tumbled over 27 percent in the past six months.
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