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SpiceJet and WheelTug conclude agreement for 400 slots of the state-of-the-art electric taxi system

Posted On: 2021-03-03 08:50:17 (Time Zone: Arizona, USA)


SpiceJet, the country's favourite airline, has tied-up with WheelTug Plc for reserving 400 production slots for the state-of-the-art electric taxi system that will enable the airline in saving fuel, reducing CO­­2 emissions as well as noise levels, improve its fleet utilization thereby directly improving the company's bottom line.

The innovative WheelTug system places high-torque motors in the nose wheels of the aircraft. Pilots control the aircraft themselves, performing ground operations without requiring tugs for maneuvers. By keeping jet engines off in tight areas, the airline will lower its emissions. Additionally, SpiceJet gate and stand operations will be faster and more dependable helping the airline eliminate unexpected long delays affecting the schedule on any given day.

"SpiceJet is a strong advocate for reducing carbon emissions. By inducting WheelTug into its B737 operations, the company aims to reduce the fuel burn during Taxi out and in," said a SpiceJet spokesperson.

SpiceJet is the largest Boeing 737 operator in India.

Isaiah Cox, Chief Executive Officer, WheelTug said, "Signing SpiceJet at this time shows both companies are looking forward to a strong recovery for the industry as the world responds to the Covid-19 crisis."

"To that end, we also wish to recognize SpiceJet's leading role in transporting vaccines to India."

Shares of SPICEJET LTD. was last trading in BSE at Rs.88.9 as compared to the previous close of Rs. 83.8. The total number of shares traded during the day was 1344266 in over 7096 trades.

The stock hit an intraday high of Rs. 89.85 and intraday low of 83.55. The net turnover during the day was Rs. 117437534.


Source: Equity Bulls

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