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telegraphindia.com 14 Sep, 2021 02:15 am

SpiceJet promoter Ajay Singh reportedly looking to form consortium to acquire Air India

SpiceJet promoter Ajay Singh reportedly looking to form consortium to acquire Air India
The central govt, which has set an ambitious disinvestment target of Rs 1.75 lakh crore for the current fiscal, is looking to complete the Air India sale by December

Max plans SpiceJet said in a separate announcement that it had entered into a settlement with CDB Aviation, a major lessor of Boeing 737 Max aircraft.On August 26, the directorate-general of civil aviation (DGCA) had lifted the ban on Boeing 737 Max planes’ commercial flight operations after almost two-and-half years.The regulator on March 13, 2019, had grounded all Boeing 737 Max planes following the crash of an Ethiopian Airlines 737 Max on March 10 near Addis Ababa.SpiceJet is the only carrier that has Boeing 737 Max aircraft in its fleet.

The airline said it has commercially agreed a settlement with CDB Aviation and “this will add to already announced settlement with Avolon and grow its fleet of 737 MAX aircraft”.75 lakh crore for the current fiscal, is looking to complete the Air India sale by December SpiceJet promoter Ajay Singh.

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