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Jet Airways Ltd and SpiceJet Ltd, two top Indian airlines, operate Boeing 737 MAX 8 aircraft. SpiceJet suspended operations of the 737 MAX after the regulator’s decision to ground the aircraft, the airline’s spokesman said on Wednesday robinsons cufflinks. It expects to complete grounding of the Boeing jets by the 1030 GMT deadline. The airline has 13 737 MAX jets in its fleet, according to FlightGlobal. Jet Airways, in a response to customer queries on Twitter, said it was not flying the 737 MAX. The airline, which is struggling financially, has said that 32 of the planes in its fleet have been grounded for non-payment to lessors..
It has not specified the types involved, but FlightRadar24 data shows its five once-active 737 MAX jets were grounded before the Ethiopian crash. The European Union’s aviation safety regulator has already suspended all flights in the bloc by Boeing 737 MAX planes, joining a wave of suspensions of the aircraft across the globe. SpiceJet’s shares plunged as much as 8.8 percent to their lowest since Dec robinsons cufflinks. 11, before recovering to trade down 2.9 percent later in the day. Jet fell as much as 3.4 percent..
SINGAPORE/DUBAI (Reuters) – Groundings of brand-new Boeing (BA.N) 737 MAX 8 jets have sent shockwaves through global aviation after a crash in Ethiopia, but many airlines are managing to keep to schedule with other jets while economic woes mean some may be grateful for a pause. The 737 Max 8 upgrade to Boeing’s best-selling jet only entered service in 2017, meaning there are not many in the skies compared with other more established work horses robinsons cufflinks. “If you had a grounding of something like the 737-800, wow what an impact. But with the MAX, there are fewer than 400 of these flying globally,” one aviation analyst said, adding that most airlines could “backfill most of the capacity”..
The Ethiopian Airlines crash that killed 157 people on Sunday was the second 737 MAX crash in less than six months, with 189 others killed when a Lion Air jet went down in Indonesia in October. There were 371 of the 737 MAX family jets in operation before this week’s groundings, led by China, according to Flightglobal robinsons cufflinks. Around two-thirds of the fleet is now grounded, based on Reuters calculations. That compares to more than 6,000 of the previous model, the 737 NG series, giving airlines the ability to use other jets in their fleets as a replacement for at least some of the flights..
“At present the impact of any groundings is contained by the relatively small global fleet currently in service,” aviation consultant John Strickland told Reuters. The time of year and signs of concerns about a peak in global aviation growth and a slowdown in the economy means cutting capacity is not necessarily negative for airlines robinsons cufflinks. “It is off-season so it is an easier gesture to make, and some airlines are more worried about having too much capacity,” a Western aviation official said..