Home Stock Market India’s SpiceJet to induct 10 plane from September 2023 By Reuters

India’s SpiceJet to induct 10 plane from September 2023 By Reuters

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India’s SpiceJet to induct 10 plane from September 2023 By Reuters

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© Reuters. FILE PHOTO: A SpiceJet passenger plane taxis on the tarmac at Chhatrapati Shivaji Worldwide Airport in Mumbai, India, Might 29, 2023. REUTERS/Francis Mascarenhas

BENGALURU (Reuters) – India’s SpiceJet will add 10 Boeing (NYSE:) 737 plane to its fleet between September and October to cater to the rising passenger visitors, the low-cost provider stated on Friday.

The planes will embody 5 737 Max plane, the Gurugram-based airline stated, with out disclosing the listing worth.

As of June 2023, its fleet comprised 91 plane, in line with the SpiceJet web site. It was not instantly clear if the determine included the 25 planes it had grounded.

The low-cost provider is making an attempt to revive the grounded fleet, the newest being a partnership with FTAI Aviation for the lease of 20 engines.

SpiceJet stated the grounded planes will resume companies quickly.

“The induction of those planes, which coincides with the height journey season in India, will assist us launch new routes and strengthen our presence on current ones,” SpiceJet stated in a press release.

A powerful journey rebound post-COVID has helped airline operators to e-book income, spurring rival IndiGo’s Interglobe Aviation to plan capability additions and dial up orders to maintain up with surging air journey demand.

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