Domestic carrier SpiceJet bolstered its fleet capacity with the addition of eight new Boeing 737 aircraft ahead of the festive and winter season, a company statement said on September 16.
The airline signed lease agreements for the new aircraft, taking its total fleet capacity to 18 to meet the growing demand in the months ahead, the low-cost carrier said.
The stock of the company was trading at 0.92 percent higher at Rs 32.74 at 10:15 am on BSE.
The latest development comes after the Gurugram-based airline had inked two lease agreements for 10 Boeing 737 aircraft set to join operations from October 2025.
“We are delighted to announce the addition of eight more Boeing 737 aircraft to our fleet, taking our total planned inductions to 18 aircraft for the winter schedule 2025. These additions reaffirm our commitment to expanding capacity, ensuring seamless connectivity, and offering a superior flying experience to our passengers. With the upcoming festive and winter travel season, these aircraft will allow us to enhance frequencies on key routes and cater to the growing passenger demand,” said Debojo Maharshi, chief business officer, SpiceJet.
Earlier last week, the company said it has fully repaid $24 million to UBS-owned Credit Suisse, fulfilling the terms of the settlement agreement signed in May 2022.
The companies have been engaged in a legal dispute since 2015 over the bank's claim of unpaid dues.
With agency inputs
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
