Two Boeing 737-800 aircraft of budget airline SpiceJet have been deregistered by aviation regulator DGCA. The carrier confirmed that the return of these aircraft will not disrupt operations. The Directorate General of Civil Aviation (DGCA) deregistered VT-SZK and VT-SYA on March 6 and 9, respectively, according to notices on the regulator’s website. Under the Cape Town Convention, lessors and lenders can request deregistration of a leased aircraft in the event of default. Such requests are made under the Irrevocable Deregistration and Export Request Authorization (IDERA). “One of the aircraft was grounded for a long time and had to be returned early, while the other is being returned due to certain engine problems with the lessor.
Both aircraft are consensually returned in the most efficient manner. This will not affect our work,” the spokesman said in a statement on Friday. The number of aircraft in SpiceJet’s fleet could not be immediately determined. In August last year, six Boeing 737 aircraft of the carrier were deregistered.
Although the budget airline has been battling multiple headwinds for the past several months, on February 24 it posted a multifold increase in net profit to Rs 107 crore in December 2022 on strong performance in passenger and cargo operations. enterprises. The carrier also opts for the Qualified Institutional Buyer (QIB) route to raise up to Rs.2,500.
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On February 27, SpiceJet announced that Carlyle Aviation Partners will acquire a 7.5 percent stake in the airline by exchanging outstanding dues as well as reducing stake in the cargo business. The move will help the airline reduce its debt by $100 million. Shares of SpiceJet closed nearly 1 percent lower at Rs 35.20 on the BSE on Friday.