27.05.2022 - 07:05 UTC
SpiceJet (SG, Delhi Int'l) and Credit Suisse have signed and concluded “the settlement and consent terms” for a dispute that dates back to an unpaid engine maintenance and repair agreement that was signed more than a decade ago.
The low-cost carrier said on May 25 that the terms had been executed two days previously and had already been filed before India’s Supreme Court “for final orders.”
“The settlement involves payment of a certain amount upfront and balance amount over a mutually agreed timeline,” SpiceJet said without specifying the sums involved.
It only recalled what it had said about the case two months ago, that it had “provided a bank guarantee of USD5 million on the direction of the Madras High Court in the matter and there is no adverse financial liability on the company.”
The low-cost carrier had allegedly failed to pay USD24.01 million to the Swiss MRO firm SR Technics for the maintenance of aircraft engines, modules, components, assemblies, and parts under a contract dated November 24, 2011. In September 2012,...
26.05.2022 - 04:53 UTC
Air Serbia (JU, Belgrade) has wet-leased a single B737-700 from Greece's Lumiwings (L9, Forli) to supplement its in-house capacity during the peak summer 2022 season.
SX-LWC (msn 30659) was ferried from storage at Volos to Belgrade on May 21, 2022, and began operating for Air Serbia the next day, Flightradar24 ADS-B data shows. The Serbian carrier confirmed the wet lease will continue throughout the summer 2022 season.
Lumiwings reverted to its original business model of ACMI/charters in January 2022, after its domestic scheduled operations in Italy proved unsuccessful. The Greek carrier operates one B737-300 (in storage at Craiova) and the single -700.
In turn, Air Serbia's in-house fleet comprises nine A319-100s, two A320-200s, three ATR72-200s, two ATR72-500s, and two ATR72-600s, the ch-aviation fleets advanced module. While reliant on Boeing aircraft in the 1990s and 2000s, it gradually retired all of them through the 2010s. The last three B737-300s, operated by now-defunct leisure division Aviolet (JU, Belgrade), were...
26.05.2022 - 01:02 UTC
The Indian Directorate General of Civil Aviation (DGCA) reissued an Air Operator's Certificate to Jet Airways (JAI, Mumbai Int'l) on May 20, 2022, clearing the final bureaucratic hurdle ahead of the carrier's relaunch.
Jet said it would unveil its fleet and network plans shortly. The exact timeline for the relaunch has yet to be confirmed, but it hopes to resume commercial flight operations at some point in the third quarter of 2022.
The airline's active fleet currently comprises a single B737-800, VT-SXE (msn 34802), which was used for its AOC proving flights. Sources told the Times of India that Jet is planning to announce a major fleet order soon. The carrier is opportunistically scouting the market for aircraft either returned or not taken up by airlines in Russia due to international sanctions imposed on the country for its invasion of Ukraine.
"Till a few months back, there was a long waiting period to get a new A320neo or B737. After the Ukraine crisis, delivery slots for Russian carriers have been cancelled and also...
