Enter Air applies for compensation due to MAX groundings

Darren Wood
By Darren Wood October 9, 2019 08:53

Enter Air applies for compensation due to MAX groundings

Polish carrier Enter Air has said it will ask Boeing for compensation for the inability to use its two Boeing 737 MAX 8 jets that are in its fleet.

The airline has said it will apply to the manufacturer for compensation for the downtime of the aircraft, which has been grounded since March.

Enter Air’s fleet includes two Boeing 737 MAX 8 planes delivered by the manufacturer in December 2018 and January 2019. The airline also has a fleet of 21 Boeing 737-800 aircraft along with two wet-leased Boeing 737-800s and two wet-leased Airbus A320s.

During its latest financial results, Enter Air revenues reached PLN 633 million (approximately £131.5 million) in the first half of 2019, up 29% from PLN 490 million in the same period of 2018.

Operating profit increased 84.2% to PLN 81.9 million with net profit up a massive 191% in the first six months of 2019, standing at PLN 44.9 million, up from PLN 15.4 million in the same period of the previous year.

Chair Airlines’ fleet consists of three Airbus A319 aircraft. The carrier has been operating in European markets, Africa and the Middle East for five years.

Grzegorz Polaniecki, management board member at Enter Air, commented:  “Another record-breaking period of excellent performance is behind us! Moreover, Enter Air’s results compare very favourably with the performance of the European Industry as a whole.

“Despite the recent turmoil, the tourist market continues to be robust and demand for tourist travel services is growing unabated.

“In fact, we have not been affected  by the turmoil at all! Over the last two and a half years many of our competitors have over-invested and as a result have departed the market removing more than 500 aircraft from the European skies.

“We observe the market carefully to tap into new opportunities for Enter Air’s further growth.”

In May 2019, Enter Air became a strategic partner and shareholder with a 49% stake in the Swiss airline Chair Airlines. The value of the signed contract was $2 million. Chair Airlines’ fleet consists of three Airbus A319 aircraft. The carrier has been operating in European markets, Africa and the Middle East for five years.

Darren Wood
By Darren Wood October 9, 2019 08:53