SpiceJet is to lease seven more aircraft and reactivate another three by the end of November, as it wraps up a round of fundraising amid ongoing regulatory and legal woes.
The seven aircraft – details of which have not been disclosed – will be inducted by 15 November. Two of these have already arrived in India, states SpiceJet.
Three parked Boeing 737s will be returned to service before end-November, as part of a wider, phased un-grounding.
SpiceJet is predominantly a 737 operator, with a mix of -700s, -800, -900ERs and Max 8s in its fleet. According to Cirium fleets data, it has 22 aircraft in service and 32 in storage.
SpiceJet recently raised about Rs30 billion ($357 million) through a qualified institutional placement, which it claims saw “overwhelming response” from investors.
States SpiceJet: “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.”
SpiceJet chief Ajay Singh adds: “This addition is crucial as we continue to meet the growing demand for air travel while strengthening our operational capabilities. With the capital raised, SpiceJet is well-positioned to offer improved services and an expanded route network.”
The carrier in late-August furloughed 150 cabin crew staff as part of cost-saving measures, and was reportedly placed under “enhanced surveillance” from the Indian civil aviation regulator following an operational audit earlier this month.
Source link
SpiceJet is to lease seven more aircraft and reactivate another three by the end of November, as it wraps up a round of fundraising amid ongoing regulatory and legal woes.
The seven aircraft – details of which have not been disclosed – will be inducted by 15 November. Two of these have already arrived in India, states SpiceJet.
Three parked Boeing 737s will be returned to service before end-November, as part of a wider, phased un-grounding.
SpiceJet is predominantly a 737 operator, with a mix of -700s, -800, -900ERs and Max 8s in its fleet. According to Cirium fleets data, it has 22 aircraft in service and 32 in storage.
SpiceJet recently raised about Rs30 billion ($357 million) through a qualified institutional placement, which it claims saw “overwhelming response” from investors.
States SpiceJet: “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.”
SpiceJet chief Ajay Singh adds: “This addition is crucial as we continue to meet the growing demand for air travel while strengthening our operational capabilities. With the capital raised, SpiceJet is well-positioned to offer improved services and an expanded route network.”
The carrier in late-August furloughed 150 cabin crew staff as part of cost-saving measures, and was reportedly placed under “enhanced surveillance” from the Indian civil aviation regulator following an operational audit earlier this month.
Source link
Share This:
admin
Plan the perfect NYC Memorial Day weekend
Pack only what you need and avoid overpacking to streamline the check-in and security screening…
LA’s worst traffic areas and how to avoid them
Consider using alternative routes, such as Sepulveda Boulevard, which runs parallel to the 405 in…
Turkish Airlines explores possible investment tie-up with Spain’s Air Europa
Turkish Airlines has disclosed that it is exploring a potential investment in Spanish carrier Air…
Sweden to accelerate GlobalEye introduction using interim configuration | News
The accelerated introduction of Sweden’s first GlobalEye surveillance aircraft will be made with the Saab-prepared…
France completes first development firing with MBDA’s Mica NG missile | News
France’s DGA defence procurement body has conducted a first development launch of MBDA’s enhanced Mica…
NATO order will boost pooled A330 tanker fleet to 12 jets | News
NATO’s pooled fleet of Airbus Defence & Space A330 multi-role tanker transports (MRTTs) is to…
First Swiss A350 breaks cover | News
Lufthansa Group carrier Swiss has given a glimpse at its first Airbus A350-900 ahead of…
UK will buy ‘at least a dozen’ F-35As to restore airborne nuclear deterrence role | News
The Royal Air Force (RAF) is to regain the ability to deploy nuclear weapons, with…
Sweden eyes extra capabilities for incoming Gripen E fighter | News
The Swedish air force is exploring the future introduction of additional capabilities for its Saab…
UK government examining competitive implications of Boeing-Spirit deal | News
UK competition regulators are reviewing potential concerns posed by Boeing’s planned acquisition of supplier Spirit…
Saudi Arabia’s Aramco splashes out on C-27J firefighting assets | News
Saudi Arabian oil giant Aramco is to acquire two Leonardo C-27J transports, for use in…
Adaptable wings take shape on Airbus Citation test aircraft
Airbus’s UpNext division has shown off the initial installation of the ‘eXtra Performance Wing’ on…