SpiceJet shares gain 7% as airline adds 3 new aircraft to its operational fleet

SpiceJet shares gained over 7 percent intraday in Friday's trade after the airline informed the shareholders through a regulatory filing that it added three new aircraft to its operational fleet, including an Airbus A340 wide-body and two Boeing 737s, aiming to meet the surging demand
for air travel this holiday season.

Shares of Spicejet Ltd touched an intraday high of Rs 35.59 per share on the BSE, rising 7.56 percent. The stock has been gaining for the last two sessions and is up nearly 22 percent in the period.

'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 company said in a stock exchange release.

Ajay Singh, Chairman and Managing Director, SpiceJet, said, "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."