SpiceJet might sell Bombardiers


Ailing budget airline SpiceJet's new owners are considering a proposal to ground its Bombardiers and return to flying only Boeings. "A proposal on whether to continue with the Bombardiers is on the table. A decision will be taken soon," a SpiceJetexecutive said.
SpiceJet has 15 Q4 Bombardier jets used to connect large cities to smaller towns. But many new destinations were unviable because of the costs of operating these aircraft. SpiceJet owns the Bombardiers and will have to find buyers for the planes. The executive said SpiceJet owed Rs 350 crore to lessors. A part would be paid once the first tranche of Rs 400 crore was invested into the airline.

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