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Aviation

SpiceJet posts record profit, expects reimbursements from Boeing

Updated : August 09, 2019 10:08 PM IST

The airline has factored in reimbursements to the tune of Rs 114 crore from Boeing for its 13 grounded planes during April-June period.
MAX aircraft, the largest selling model of Boeing, was grounded worldwide in March following safety concerns after a second fatal crash in the same aircraft model.
Total revenue from operations for the airline during the quarter stood at Rs 3,003 crore as against Rs 2,222 crore last year.
SpiceJet posts record profit, expects reimbursements from Boeing
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