SpiceJet, the country's favourite carrier, will induct 16 Boeing 737-800 NG aircraft on dry lease and has applied to the Directorate General of Civil Aviation (DGCA) for a No Objection Certificate (NOC) to import the aircraft.
Subject to regulatory approvals, the aircraft would begin joining SpiceJet fleet in the next ten days.
Ajay Singh, Chairman and Managing Director, SpiceJet said, "This is the first lot of Boeing 737s that we are inducting in our fleet. The sudden reduction of aviation capacity has created a challenging environment in the sector. SpiceJet is committed to working closely with the government authorities to augment capacity and minimize passenger inconvenience."
The new inductions will not just bring down flight cancellations to nil but also help in SpiceJet's aggressive international and domestic expansion plans.
Shares of SPICEJET LTD. was last trading in BSE at Rs.101.25 as compared to the previous close of Rs. 94.45. The total number of shares traded during the day was 7129843 in over 30702 trades.
The stock hit an intraday high of Rs. 103.85 and intraday low of 93.75. The net turnover during the day was Rs. 717390273.