SpiceJet Plans to Reactivate 10 Aircraft by 2026 Amid Expansion Efforts

Swift Summary

• SpiceJet plans to unground 10 aircraft by April 2026, including 4-5 before winter, to meet peak season demand.
• Aircraft types being restored include boeing 737 NG, Boeing 737 MAX, and Q400 aircraft.
• The airline secured global maintenance slots and dispatched engines for overhaul at facilities in Houston, Singapore, and Carlyle Aviation centers.

– Overhaul includes 19 engines (7 for Boeing 737 NG, 6 for boeing MAX, and 6 for Q400).
– Two overhauled engines were received from StandardAero in July.

• SpiceJet finalized a lease agreement for ten additional Boeing 737 aircraft under damp leases scheduled by October 2025.
• Fleet size: As of June-end FY25:

– Total fleet: 56 aircraft; Operational: 21 on ground. In March-end FY25 fleet was larger (61 total; operational: 25 aircraft).Financial Situations:

1. Loss of ₹238 crore reported in Q1 FY26 due to geopolitical tensions with a neighboring country, airspace restrictions, and subdued leisure travel.
2. Contrasts with prior profits:

– ₹150 crore profit reported in Q1 FY25;
– ₹48 crore profit reported in full-year FY25;
– Net loss of ₹404 cr recorded previously (FY24).

1. Equity infusion raised net worth to ₹683 crore post promoter investment (~₹500 crores) since recent bond/QIP.

Business Reaction inject fresh-generated revenue /eligible Rs Ensure credits Crisis expanded Rs<121 adjustment --- read full