SpiceJet inducts another Boeing 737 and Ungrounds a 737 MAX

SpiceJet has further strengthened its operational fleet with the induction of another Boeing 737 aircraft and the ungrounding of a Boeing 737 MAX. With these two additions, a total of five aircraft have joined the airline's fleet this month as part of its aggressive winter expansion plan.

Both aircraft have now commenced commercial operations. The airline had earlier inducted two Boeing 737s and one wide-body Airbus A340 aircraft this month. The expansion aligns with the airline's strategy to cater to the strong travel demand during the festive and holiday season. In total, SpiceJet plans to add 20 aircraft between October and November.

Debojo Maharshi, Chief Business Officer, SpiceJet, said, "Our latest inductions and the return of another 737 MAX to active service mark another strong step in SpiceJet's growth story. This is one of our largest-ever expansion phases, driven by a clear focus on meeting the surge in travel demand and offering our passengers more destinations, enhanced connectivity, and greater convenience. By December 2025, our expanded fleet will help us more than double capacity and triple our ASKM, marking a major milestone in our growth journey."

Shares of SPICEJET LTD was last trading in BSE at Rs. 38.45 as compared to the previous close of Rs. 38.19. The total number of shares traded during the day was 27903068 in over 37492 trades.

The stock hit an intraday high of Rs. 40.59 and intraday low of 38.19. The net turnover during the day was Rs. 1099048164.00.

Source : Equity Bulls

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