SpiceJet has finalised an agreement to lease five Boeing 737 planes, and the aircraft are scheduled to join its fleet in October.
The aircraft are being inducted on a damp-lease basis, where operational crew will be shared between the operator and the airline, according to a release on Friday.
The airline said it has finalised a lease agreement to induct five Boeing 737 aircraft, and they are scheduled to join the fleet in October and will cater to the peak winter season as well as the early summer season of 2026.
"SpiceJet is also in advanced discussions with other lessors to further enhance its fleet and strengthen both domestic and international operations," it added.
The budget carrier, which had been facing multiple headwinds, operates Boeing 737s and Q-400s. It did not mention the current number of operational planes in its fleet.
As per data available on fleet tracking website Planespotters.net, the airline has 20 planes in operation and 33 on the ground for various reasons as on July 24.
Shares of SpiceJet declined 2.40% to close at ₹38.27 apiece on the BSE.
