<p>New Delhi: <a href="https://www.deccanherald.com/tags/spicejet">SpiceJet </a>has entered into an agreement with US-based StandardAero that will provide the services for operationalising the airline's grounded Boeing 737 MAX planes and three of the aircraft are expected to return to service by April 2025.</p>.<p>Seven Boeing 737 MAX aircraft of the no-frills carrier are on the ground.</p>.Aircraft lessor Genesis to buy stake in SpiceJet as part of settling $16 million dispute.<p>The airline has inked an agreement with MRO (Maintenance, Repair and Overhaul) services provider StandardAero for enabling restoration of its grounded Boeing 737-8 MAX fleet, according to a release on Friday.</p>.<p>StandardAero is also a MRO services provider for CFM LEAP-1B engines, which power SpiceJet's Boeing 737 MAX planes.</p>.<p>The agreement with StandardAero follows successful arrangements with CFM International -- the manufacturer of LEAP-1B engines -- and the lessor for the Boeing 737 MAX aircraft.</p>.<p>"These developments pave the way for the un-grounding and return to service of three Boeing 737 MAX aircraft by April 2025," SpiceJet said in the release.</p>.<p>SpiceJet Chairman and Managing Director Ajay Singh said the return of three fuel-efficient Boeing 737 MAX aircraft will also provide a significant boost to the airline's financial health.</p>.<p>The airline is working on strengthening its fleet and settling various disputes after recently raising Rs 3,000 crore.</p>.<p>Currently, the airline has around 28 planes in operation.</p>.<p>In the past two months, the airline said it has resolved disputes with multiple lessors, including Export Development Canada, Engine Lease Finance Corporation, Babcock & Brown Aircraft Management, Aircastle (Ireland), Wilmington Trust SP Services (Dublin) Ltd, Shannon Engine Support Ltd and Genesis.</p>.<p>Shares of SpiceJet fell over 4 per cent to Rs 58.84 apiece in afternoon trade on the BSE. </p>
<p>New Delhi: <a href="https://www.deccanherald.com/tags/spicejet">SpiceJet </a>has entered into an agreement with US-based StandardAero that will provide the services for operationalising the airline's grounded Boeing 737 MAX planes and three of the aircraft are expected to return to service by April 2025.</p>.<p>Seven Boeing 737 MAX aircraft of the no-frills carrier are on the ground.</p>.Aircraft lessor Genesis to buy stake in SpiceJet as part of settling $16 million dispute.<p>The airline has inked an agreement with MRO (Maintenance, Repair and Overhaul) services provider StandardAero for enabling restoration of its grounded Boeing 737-8 MAX fleet, according to a release on Friday.</p>.<p>StandardAero is also a MRO services provider for CFM LEAP-1B engines, which power SpiceJet's Boeing 737 MAX planes.</p>.<p>The agreement with StandardAero follows successful arrangements with CFM International -- the manufacturer of LEAP-1B engines -- and the lessor for the Boeing 737 MAX aircraft.</p>.<p>"These developments pave the way for the un-grounding and return to service of three Boeing 737 MAX aircraft by April 2025," SpiceJet said in the release.</p>.<p>SpiceJet Chairman and Managing Director Ajay Singh said the return of three fuel-efficient Boeing 737 MAX aircraft will also provide a significant boost to the airline's financial health.</p>.<p>The airline is working on strengthening its fleet and settling various disputes after recently raising Rs 3,000 crore.</p>.<p>Currently, the airline has around 28 planes in operation.</p>.<p>In the past two months, the airline said it has resolved disputes with multiple lessors, including Export Development Canada, Engine Lease Finance Corporation, Babcock & Brown Aircraft Management, Aircastle (Ireland), Wilmington Trust SP Services (Dublin) Ltd, Shannon Engine Support Ltd and Genesis.</p>.<p>Shares of SpiceJet fell over 4 per cent to Rs 58.84 apiece in afternoon trade on the BSE. </p>