SpiceJet is all set to induct 10 narrow-body Boeing 737 aircraft into its fleet. The decision comes in the backdrop of increasing passenger demand that the airline is planning to cater to.
The airline that entered India’s aviation industry in 2005 has already signed a lease agreement for ten planes joining the fleet in September 2023. Five out of these ten aircraft are 737 Max aircraft.
Meanwhile, the low-fare airline has mobilized its plan to revive its 25 grounded aircraft for which the funds will be drawn from the government’s Emergency Credit Line Guarantee Scheme (ECLGS) and better cash accruals.
“There has been a significant surge in passenger demand and we are hopeful that this trend of increased demand will continue in the latter part of the year as well. Accordingly, SpiceJet has been planning capacity addition to cater to the growing needs of the Indian aviation market,” said Ajay Singh, Chairman and Managing Director, of SpiceJet.
“We will be inducting ten B737 aircraft between September-October 2023. The induction of these planes, which coincides with the peak travel season in India, will help us launch new routes and strengthen our presence on existing ones,” Singh added.
The Gurugram based airline is trying to keep afloat amid several aircraft of its fleet being grounded over payment issues with lessors. It operates about 250 daily flights to 48 destinations within India and to international destinations consisting of a mix of large, medium and small metal birds including Boeing 737 Max, Boeing 700 and Q400s.
