SpiceJet to Induct Ten Planes by November-End, Boosting Fleet and Operations

SpiceJet Ltd. is set to expand its fleet significantly by the end of November with the induction of ten aircraft, marking a major step in the airline’s growth plans. This fleet expansion follows SpiceJet’s successful Qualified Institutional Placement (QIP), which raised INR 3,000 Crore, and an additional INR 736 Crore from a previous funding round. The fresh capital raised will play a key role in ungrounding SpiceJet’s existing aircraft, acquiring new planes, investing in technology, and expanding into new markets. The airline has already signed agreements for the leased aircraft, with the full induction of all seven planes expected by November 15. Two of these leased aircraft have already arrived in India and are scheduled for immediate induction. SpiceJet will also operationalise its grounded planes in phases, with the first three set to re-enter service before the end of November.