SpiceJet to induct Airbus A340 aircraft for long-haul cargo operations
NEW DELHI : No-frills carrier SpiceJet Ltd will induct an Airbus A340 aircraft into its fleet later this week, which will be primarily used for cargo operations to Europe, Africa and CIS region.
SpiceJet, which already has a dedicated fleet of eight freighter aircraft consisting of five Boeing 737s and three Bombardier Q-400s, will be taking the aircraft on wet lease, a company official said, requesting anonymity.
A wet lease is a leasing arrangement whereby a lessor provides an aircraft, complete crew, maintenance, and insurance (ACMI) to another airline, which typically pay by hours operated.
