SpiceJet receives Three New Aircraft, Kicking Off Major Winter Expansion

SpiceJet has received and added three new aircraft to its operational fleet, including an Airbus A340 wide-body and two Boeing 737s, kicking off its ambitious winter expansion plan designed to meet the surging demand for air travel this holiday season.

These new planes will join operations between October 10 and 11, marking the start of a major fleet ramp-up. A total of 20 aircraft are set to join the airline's operational fleet between October and November, and to be operated under a damp lease model. Additionally, the airline will unground four planes by mid-December, further boosting capacity.

The addition of these planes is the cornerstone of SpiceJet's strategy to significantly scale up its operations this winter. The airline is on track to more than double its operational fleet size and triple its available seat kilometers (ASKM), introducing new routes, increasing flight frequencies, and adding exciting destinations across its network.

Ajay Singh, Chairman and Managing Director, SpiceJet, said, "This is just the beginning of a large-scale expansion that will redefine SpiceJet's operations this winter. With every new induction, we are strengthening our operational capabilities, opening new routes, and ensuring greater convenience and connectivity for our passengers across India and beyond. These new inductions will more than double our operational fleet and triple our ASKM by December 2025. Our fleet expansion reflects the robust travel demand we are witnessing and our readiness to meet it with confidence."

Shares of SPICEJET LTD was last trading in BSE at Rs. 33.09 as compared to the previous close of Rs. 28.55. The total number of shares traded during the day was 92827663 in over 63895 trades.

The stock hit an intraday high of Rs. 33.70 and intraday low of 28.56. The net turnover during the day was Rs. 2936920443.00.

Source : Equity Bulls

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