SpiceJet finalises lease agreement for 5 Boeing 737 aircrafts
The aircraft are being inducted on a damp lease basis, where operational crew will be shared between the operator and SpiceJet.
This fleet addition is part of the airline's broader strategy to bolster capacity ahead of the winter schedule and cater to increased travel demand during the peak and early summer seasons. SpiceJet is also in advanced discussions with other lessors to further enhance its fleet and strengthen both domestic and international operations.
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Time of India
3 hours ago
- Time of India
Aircraft crashes to regulatory hurdles: Despite several challenges, Boeing may be benefitting big from Donald Trump's trade war
The US aerospace giant has globally been in the news for all the wrong reasons. US President Donald Trump's trade war seems to be benefitting one aviation sector giant in America - Boeing! As Trump seals trade deals with countries around the world, he is also bringing in deals, and Boeing is reaping the rewards. Boeing is bagging new orders through these trade deals which could prove advantageous for the company as it recovers from recent difficulties, according to a New York Times report. Additionally, these deals enable Trump to demonstrate the effectiveness of his distinctive trade strategies in supporting American industry. Boeing's Recent Troubles The US aerospace giant has globally been in the news for all the wrong reasons - the biggest being the recent crash of Air India 's AI-171 aircraft which was a Boeing 787 Dreamliner. Investigations on the cause of the crash, which killed all but onboard, are ongoing. Additionally, Boeing faces critical challenges before it can convert its new orders into revenue. The manufacturer lags significantly in obtaining regulatory clearance for key aircraft models, including both the smallest and largest versions of the 737 Max, as well as the 777-9, which initiated FAA certification test flights twelve months ago. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Mini House for 60 sqm for Seniors with Toilet and Bath (Price May Surprise You) Pre Fabricated Homes | Search Ads Search Now Undo Boeing's operational difficulties have created significant setbacks. Following two tragic crashes, its bestselling 737 Max was suspended from service for approximately 24 months. A recent Reuters report quoted FAA Administrator Bryan Bedford saying that Boeing hasn't requested the removal of the 38-plane monthly production limit for 737 MAX aircraft. The agency will conduct a thorough assessment of the manufacturer's supply chain before reaching any conclusions. The production restriction was established by the FAA following a January 2024 incident where an Alaska Airlines 737 MAX 9 aircraft experienced an emergency situation mid-flight due to missing crucial bolts. In June this year, The National Transportation Safety Board issued a stern critique regarding Boeing's inadequate safety measures, which led to the cabin panel blowout incident on a 737 MAX 9 aircraft in January 2024. The incident triggered a significant crisis for the aircraft manufacturer. According to a Reuters report, the safety board delivered a scathing assessment of Boeing's safety protocols and highlighted the company's oversight failure in installing four crucial bolts during the production of an Alaska Airlines MAX 9. Meanwhile, Boeing's suppliers may face financial strain due to Trump's imposed tariffs, whilst potential retaliatory measures from trading partners, particularly the European Union, could adversely affect the aircraft manufacturer's business. Boeing New Order Book Industry experts suggest that the trade agreements could lead to additional orders, as potential buyers might feel compelled to secure their positions now to avoid future delays. Aircraft ordered at present will be delivered in subsequent years. Recent announcements include orders for numerous Boeing aircraft from Indonesia and Japan this month, following earlier agreements with Bahrain, the United Arab Emirates, Saudi Arabia and Qatar. However, aviation industry experts express doubt about the necessity of US trade negotiators' intervention in securing Boeing aircraft orders. The procurement of aircraft involves meticulous planning by airlines, including state-owned carriers, spanning several months to years. The limited choice between Boeing and Airbus, the sole manufacturers of large commercial aircraft, further influences purchasing decisions. Nevertheless, analysts acknowledge the strategic emphasis placed by Trump's administration on Boeing contracts within trade agreements. This focus aligns with Boeing's significant role as a major American employer and prominent export contributor. The financial markets have responded positively to the new order announcements, with Boeing's stock value showing consistent growth since April, coinciding with Trump's introduction of tariffs. The company's CEO Kelly Ortberg accompanied Trump during his Middle East visit in May when the Qatar agreement was disclosed. "If the president of the country says, 'Come with me and be certain that we sign something big that says there will be many jobs in the US,' what will you do?" said Adam Pilarski, president of Avitas, an aviation consulting firm, according to the New York Times report. However, Pilarski and additional industry specialists advised that these orders might not be as significant as they appeared. Trump's Role Overstated? The specifics of these agreements remain largely undisclosed, indicating ongoing complex discussions between the aircraft manufacturer and various airlines. A case in point from this month shows Trump's announcement of Indonesia's commitment to 50 Boeing aircraft, whilst an Indonesian official later clarified that negotiations were still ongoing between Garuda, their state carrier, and Boeing. "I suspect these orders are, as we used to joke at air shows, MOUTHLs — memoranda of understanding to have lunch," said Richard Aboulafia, a managing director at AeroDynamic Advisory, a consulting firm. "The real hard work of contract negotiation and finance package negotiation takes place after the president's plane has left the country,' he said according to the New York Times report. Industry analysts suggest that many of these orders would likely have materialised regardless of Trump's involvement. In May, Qatar Airways, a significant international carrier, confirmed a substantial order of 150 Boeing wide-body aircraft. This particular announcement was notably comprehensive in its details. Whilst political influence may drive some orders, circumstances can shift substantially before aircraft delivery. Both Boeing and Airbus maintain extensive order books spanning multiple years of manufacturing. Airlines retain the option to withdraw from agreements, albeit potentially losing deposits. Additionally, carriers can request delivery postponements or order reductions. Manufacturers might accommodate such adjustments, particularly if it enables them to redirect aircraft to other airlines with urgent requirements for new aircraft. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. 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India Today
4 hours ago
- India Today
Fear is in the air: Numbers explain Indian passengers' flying anxiety
In the aftermath of the tragic Air India crash in Ahmedabad and a series of emergency landings, both in India and abroad, the air has been thick with a fear of flying. From the perspective of would-be passengers, this makes sense. Headlines, of late, have been dominated by news of technical snags, midair diversions, and more. On Saturday, an American Airlines flight aborted takeoff in Denver due to a landing gear malfunction that led to smoke and fire on the assess public safety in aviation, India Today's Data Intelligence Unit analysed the Indian airline sector across multiple indicators. We found that between 2021 and 2023, Indian airlines reported over 500 technical defects to the Directorate General of Civil Aviation each year. In 2022, the number stood at 528. However, by 2024, it decreased to 421, and in 2025, only 183 cases were reported as of July 21. In 2021, Indigo reported the highest number of technical defects, followed by SpiceJet. This trend continued in 2022, with Indigo leading with 215 cases and SpiceJet following with 143. In 2023, Indigo's defect count rose to the trend shifted in 2024. Air India Ltd, which includes both Air India and Air India Express, topped the list with 253 reported cases. Indigo's numbers, in contrast, dropped significantly to just 46. In 2025, Air India remained at the top with 85 technical defect cases reported so far, while Indigo came second with 62. But technical defects are not the only reason for flight for cancellationsWhile technical issues used to be one of the leading causes of flight cancellations, that's no longer the case. In 2023, about 29 per cent of cancellations were due to technical problems. But by 2025, that dropped to 19 per factors have since taken the lead. Weather remains a major cause, accounting for 44 per cent of cancellations in 2023 and 35 per cent in 2025. Operational issues such as crew shortages, baggage delays, and scheduling conflicts contribute consistently, making up around 10–12 per cent of cancellations each year. Meanwhile, cancellations due to miscellaneous reasons have risen sharply from 17 per cent in 2023 to 34 per cent in from passengersDespite improvements in aircraft maintenance and a decline in technical faults, passenger dissatisfaction hasn't gone away. The number of complaints hit a five-year-high in 2023, when 5,513 grievances were filed. That number came down in 2024 to 4,016, but 2025 has already seen 3,925 complaints in just six months. If the trend continues, the total for this year may again cross the 5,000 response to growing safety concerns and violations of aviation guidelines, the DGCA has taken enforcement action against several airline companies. In 2023, airlines received 56 warnings, 203 suspensions, and 26 penalties for regulatory breaches. The number of enforcement actions increased significantly in 2024, with 203 warnings, 329 suspensions, and 112 penalties issued. Already this year, the DGCA has already issued 65 warnings, 61 suspensions, and 79 penalties.- EndsTune InMust Watch
NDTV
11 hours ago
- NDTV
Bangladesh Offers To Buy Boeing Planes In Hopes Of Lower US Tariffs
Bangladesh has offered to buy 25 jets from Boeing Co., using the recent US-Indonesia trade deal as a model, in hopes of persuading President Donald Trump to lower tariffs on the country. "We have made commitments that are maintainable for us. The Boeing purchase is part of that," Commerce Secretary Mahbubur Rahman said in an interview with Bloomberg News on Sunday, ahead of his departure to Washington. "If they compare our offer with others, we should get a better deal." Rahman will join a high-level delegation, led by Commerce Adviser Sk. Bashir Uddin, that is scheduled to meet officials from the US Trade Representative on July 29-31. The talks come just days before a new tariff structure takes effect on Aug. 1. While acknowledging that the aircraft would take years to be delivered, Rahman pointed to Indonesia's commitment to purchase 50 Boeing jets as precedent. "We're offering a serious package," he said. Earlier this month, Trump imposed a 35% tariff on goods from Bangladesh, a key garment supplier to the US. The South Asian nation is now seeking a lower rate, closer to those granted to other regional trade partners - 20% for Vietnam and 19% for Indonesia and the Philippines. Dhaka last week also signed an initial agreement with US wheat growers to import 700,000 tons of the grain annually over five years. "We're also increasing imports of cotton and soybeans - these will be more effective in reducing our trade gap, as we need these all year round," Rahman said. The moves are part of Bangladesh's strategy to narrow a goods trade surplus of around $6 billion with the US. Rahman said Bangladesh's package, combining large-scale commodity imports with a potential Boeing deal, deserves a better tariff rate than what was offered to Vietnam. "If they take our commitments to essential commodities into account, our percentage should be even better than Vietnam's," he said.
