Please find attached press release
Price
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Awaiting price reaction for this filing.
SpiceJet has signed a Memorandum of Understanding to induct 10 aircraft as part of its fleet expansion plan. The airline's Board had recently approved scaling up the fleet to 60 aircraft using a mix of wet and damp leases, alongside bringing grounded planes back into service. Capacity (Available Seat Kilometres) already doubled in the last quarter, rising from around 55 crore to 105 crore. The company now targets around 220-225 crore ASKMs and over 300 daily flights by Winter 2026, effectively more than doubling capacity again this year. Management cited strong passenger demand and improving operational confidence as the drivers behind the measured ramp-up.
Positive for shareholders — the MoU signals tangible progress on fleet restoration and capacity growth, which could translate into higher revenues and improved load factors. However, the expansion is lease-driven, so cost discipline and execution on aircraft induction remain key risks for the stock.