SpiceJet is once again under legal scrutiny as it faces fresh insolvency proceedings initiated by BBN Airlines Indonesia. The dispute centers on unpaid lease rentals amounting to US$5.9 million, marking another financial challenge for the Indian low-cost carrier.
SpiceJet founder and chairman Ajay Singh will inject US$33.8 million into the airline through the conversion of warrants into equity shares. This move will significantly raise his stake, pushing his overall shareholding to more than 33%.
SpiceJet, a leading Indian low-cost carrier, has augmented its fleet by wet-leasing a Boeing 737-800 aircraft from Corendon Airlines Malta. This strategic move aims to bolster SpiceJet’s operational capacity and meet the increasing demand for air travel.
SpiceJet, one of India’s leading low-cost carriers, has reported a net profit of $2.9 million for fiscal Q3 ending December 31, 2024, marking a significant turnaround in its financial performance. The airline saw total revenue surge 35% year-over-year to $188.7 million, reflecting improved operational efficiency and demand recovery.
SpiceJet (India) is actively considering expanding its fleet with widebody aircraft, marking a potential shift in its operational strategy. However, the airline’s primary focus remains on bringing 30 grounded planes back into service while awaiting deliveries of new B737-8 aircraft.
SpiceJet, a prominent Indian airline, has announced plans to reintroduce one of its grounded Boeing 737 MAX aircraft back into operations starting 29 January 2025. This move marks the beginning of a phased plan to return 10 aircraft to service by mid-April 2025, enhancing the carrier’s operational capacity.
SpiceJet (India) has announced plans to unground 10 additional aircraft by mid-April 2025, further enhancing its operational capacity. This move follows the airline’s recent success in adding or restoring 60 flights over the past three months, a direct result of improved fleet availability.
Spectre Cargo Solutions (US), through its Irish affiliates, has accused SpiceJet (India) of removing engines from leased Boeing 737 freighters (B737Fs) in what it claims is a breach of lease agreements. The allegations add to the ongoing challenges faced by SpiceJet regarding its leased aircraft management and operational practices.
SpiceJet (India) has expanded its fleet with the addition of two B737-8 aircraft, further boosting its operational capabilities. The aircraft, with serials 65900 and 65186, are wet-leased from Corendon Airlines (Turkiye). Both aircraft are equipped with the LEAP-1B engines, known for their fuel efficiency and reliability.
SpiceJet (India) has added a Boeing 737-800, identified by serial number 38018, to its fleet under a wet leasearrangement with Smartwings (Czechia). The aircraft is powered by CFM56-7B26 engines, known for their reliability and efficiency.
