India’s SpiceJet Shows Signs of Life | Aviation International News

India’s SpiceJet Shows Signs of Life

Return of lessor confidence could signal start of turnaround

SpiceJet operates roughly half the number of Boeing 737-800s it flew in mid-2014. (Photo: SpiceJet)

By Neelam Mathews

July 1, 2015

After drastically reducing its fleet in December last year in response to a serious budget crisis, Indian low-fare airline SpiceJet is emerging from financial turbulence following a spate of restructuring strategies under a new owner. As a stop-gap measure to ensure it does not lose its airport slots, the airline has decided to add two wet-leased Airbus A319s to its complement of Boeing 737s, taking its fleet size to 20, still only about half the number of narrowbodies it operated in mid-2014. It also flies 14 Bombardier Q400s for regional routes.

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