The civil aviation ministry is in the process of clearing the revival and restructuring plan to restore normalcy of operations in budget carrier SpiceJet.
The move is expected to bring back confidence in lessors who have met senior officials of the Directorate General of Civil Aviation (DGCA) in the last one week requesting the regulator to de-register aircraft leased to the airline. Ministry sources confirmed lessors have met DGCA officials with requests to de-register 11 of the 19 Boeing 737s SpiceJet currently has.
A senior ministry official said, “Lessors have expressed some concerns. SpiceJet is in talks with them. With the recapitalisation plan expected to be cleared shortly, this issue should stand resolved.”
Once the revival plan is cleared, the aviation ministry would lift the restriction which had barred SpiceJet from accepting bookings beyond 31 March, 2015.
Meanwhile, SpiceJet has indicated to the government that they would induct additional aircraft to have 26 Boeing 737s once the airline changes hands.
“In the first phase, SpiceJet has said they would increase fleet size to have 26 Boeing 737s from 19 they have currently,” added the official. Original founder Ajay Singh, along with partners, will infuse Rs 1,500 crore in three equal tranches in the cash-strapped carrier till March, 2015.
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