SpiceJet expands fleet by signing eight Boeing 737 aircraft

SpiceJet on Tuesday announced the signing of eight Boeing 737 aircraft, further strengthening its fleet. The airline’s planned fleet additions rise to 18 aircraft with the signing.

The announcement comes on the back of two earlier lease agreements covering the induction of 10 Boeing 737 aircraft, scheduled to join the fleet starting October 2025.

Debojo Maharshi, Chief Business Officer, SpiceJet, said, “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.”


Earlier, ET had reported that SpiceJet has set an aggressive expansion plan for the coming winter schedule starting October, traditionally the busiest period for air travel in India.

The budget airline is looking to add 25 aircraft to its fleet and to nearly triple the number of daily flights to 280 from about 100 currently. Fuelled primarily through short-term aircraft leasing from European airlines, the move will drastically reduce SpiceJet's operating costs, Maharshi had told ET.

After raising Rs 3,000 crore last year, SpiceJet owner Ajay Singh had said the carrier would be operating 40 aircraft by March this year. However, the plan did not materialise as shortage of aircraft in the market squeezed the airline's ability to get spare parts.

SpiceJet has fallen behind newcomer Akasa Air which has cornered more than 5% market share in July against SpiceJet's 2%.

SpiceJet's shares were trading at Rs 32.70 on Tuesday at 10:10 am.