Budget carrier SpiceJet has signed a memorandum of understanding (MoU) to induct 10 new aircraft into its fleet, aiming to more than double operational capacity in 2026. The expansion plan includes restoring grounded planes and leasing new Boeing 737s, positioning the airline to meet rising domestic and international demand.
Key Highlights
Fleet Expansion: SpiceJet Ltd announced it has signed an MoU for 10 aircraft, a move that will more than double its operational capacity this year.
Aircraft Details: The additions include Boeing 737 NG and MAX models, alongside Q400 turboprops, with several grounded planes set to return to service by April 2026.
Strategic Timing: Four to five aircraft are expected to rejoin the fleet during the winter travel season, catering to peak demand.
Operational Boost: The airline has dispatched 19 engines for overhaul to facilities in the US, Singapore, and Carlyle Aviation, ensuring readiness for redeployment.
Market Context: SpiceJet has already added 10 aircraft since late 2024, launching over 60 new flights in the past three months, strengthening connectivity across domestic and regional routes.
Leadership Vision: Chairman Ajay Singh emphasized that the expansion reflects SpiceJet’s commitment to affordable, reliable air travel, while reinforcing its competitive edge against rivals in India’s fast-growing aviation sector.
Investor Confidence: The MoU signals strong growth momentum, with analysts noting that doubling capacity could significantly improve revenue streams and market share in 2026.
Sources: Reuters, BW Businessworld, The Economic Times, Travel Industry News