SpiceJet is the only domestic carrier that has MAX planes. These aircraft were grounded worldwide after two fatal accidents in late 2018 and early 2019.
According to Singh, the airline is considering an interm offer of compensation made by Boeing.
In relation to MAX planes, certain costs, including aircraft and supplementa lease rentals, totalling Rs 537.27 crore have been recognised as other income during the nine months ended December, as per the notes.
The amount includes Rs 246.42 crore recorded in the quarter ended December.
Shares of SpiceJet rose nearly 6 per cent to close at Rs 89.60 on the BSE.