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SpiceJet shares edged up 1% after the airline received the first batch of overhauled engines as part of its fleet revival plan.
Overhauled engines are old engines taken apart, cleaned, repaired, and rebuilt so they work like new again.
The deets: the company took delivery of two refurbished engines from global MRO provider StandardAero including a CFM LEAP-1B engine that powers Boeing 737 MAX aircraft (overhauled in Houston) and a Q400 engine from StandardAero’s Singapore facility.
In total, 17 engines were sent for overhaul including six LEAP-1Bs to Houston, seven Q400 engines to Singapore, and four engines dispatched to Carlyle Aviation to help bring grounded Boeing 737 NGs back into service.
The why: the company is working through a structured fleet revival, aiming to ramp up capacity and reliability after years of operational and financial strain. As proof of progress, it also ungrounded another Boeing 737 NG, which rejoined active duty in June.
Ungrounded another Boeing 737 NG means SpiceJet fixed and approved a plane that was sitting unused so it can fly again.
