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Awaiting price reaction for this filing.
SpiceJet has finalized a lease agreement to induct an Airbus A340 wide-body aircraft into its fleet, marking its entry into wide-body operations. The aircraft is set to arrive in India by end of September 2025 and begin operations in the first week of October, initially on a wet lease model before transitioning to a damp lease for cost savings. The airline is also in advanced discussions to lease a second A340 as a long-term addition (beyond a year), subject to regulatory approvals. This follows the recent agreement to induct 18 Boeing 737 aircraft (including 4 Boeing 737 MAX) starting October 2025, signaling an aggressive fleet and network expansion phase targeting both domestic and international routes.
This represents a significant strategic shift for SpiceJet as it moves into the wide-body segment for the first time, potentially opening international long-haul routes and boosting revenue capacity. Positive for growth narrative, though investors should note SpiceJet's history of financial challenges and that wide-body operations carry higher cost and execution risk. The wet-to-damp lease model limits near-term capital outlay.