SpiceJet will fee 10 extra plane from the bottom, shares fell 6% – INA NEWS

spicejet (SpiceJet) goes to carry 10 of the grounded i.e. non-flying plane again into service by mid-April 2025. The airline mentioned in an announcement on January 10 that these plane will embody 4 Boeing 737 Max plane and can improve SpiceJet’s fleet. At the moment the corporate has 28 plane in its fleet. Earlier, SpiceJet has added 10 plane to its fleet from October 2024.

The primary plane added included 3 beforehand discontinued plane. Additionally, 7 plane had been added to the fleet on lease. “Within the final 3 months, over 60 new flights have been added as a part of SpiceJet’s community growth technique. This has additional enhanced the connectivity and repair choices for SpiceJet’s passengers,” the airline mentioned.

SpiceJet on a robust path to restoration and progress

Commenting on the brand new announcement, Ajay Singh, Chairman and Managing Director, SpiceJet, mentioned, “Our plan to return 10 plane to service by mid-April displays SpiceJet’s unwavering dedication to its progress and operational excellence. is on a robust path, and we’re targeted on offering dependable and inexpensive air journey to hundreds of thousands of Indians.”

Settlement has been reached for the restoration of Max Fleet

SpiceJet had signed an settlement with US-based engine MRO ‘StandardAero Inc’ for the reinstatement of its grounded MAX fleet in December 2024. The airline is on the trail to restoration. It’s settling long-standing dues and disputes with a lot of its lessees.

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SpiceJet shares fell 6 p.c

SpiceJet shares are down almost 6 per cent on BSE on January 10. In the course of the day, the inventory fell by nearly 7 p.c from the earlier closing value to a low of Rs 49. The market cap of the corporate is Rs 6300 crore. The inventory has weakened 24 p.c in a 12 months.