SpiceJet announced on Sunday the induction of Boeing 737 in their fleet | Becomes 4th domestic airline to own 100 aircraft.
Budget airlines SpiceJet added another Boeing 737 to their fleet, taking their strength to 100. SpiceJet in a release said it has added some 23 planes in the last one month alone.
“Who could have thought that from the brink of closure in December 2014, SpiceJet would have a 100-aircraft fleet in 2019,” SpiceJet chairman and managing director Ajay Singh said on the induction of 100th plane in the fleet. The airline is expecting another 42 aircraft in their fleet in the next two years
- SpiceJet inducted Boeing 737 in their fleet on Sunday, their 100th aircraft.
- They became 4th domestic airline to own 100 aircraft after Air India, IndiGo and grounded Jet Airways.
- The Gurugram-based budget carrier now has 68 Boeing 737s, 30 Bombardier Q-400s, and two B737 freighters.
- SpiceJet has added 23 planes in the last month alone.
SpiceJet had placed a USD 22 billion order for 205 aircraft with Boeing in 2015 and had followed it up with a USD 1.7 billion order for 50 Bombardier Q400 planes.
Filling the vacuum created by Jet Airways
SpiceJet has acquired 130 slots of Jet Airways, including 68 prime slots at Mumbai. Their arch-rival, IndoGo, has acquired only 120. SpiceJet has added 23 aircraft in the last one month. They placed an order of $22 billion order for 205 aircraft with Boeing in 2015 and had followed it up with a $1.7 billion order for 50 Bombardier Q400 planes. SpiceJet is also benefitted by the Indian government’s regional connectivity scheme UDAN. Around 21% of its flights operate under a monopoly route.
The real winner of this jet crisis will emerge only when both the airlines, IndiGo and SpiceJet, post their earnings for the January-March period. “With 100 aircraft, SpiceJet has definitely scaled up. However, to become the market leader it still has a long way to go, especially in order to keep up with an airline like IndiGo,” said Ashish Nainan, an aviation analyst at rating agency CARE Ratings.