SpiceJet finalises lease agreements for 10 plane – Instances of India

At the moment, SpiceJet has greater than 30 planes in its fleet. In a launch on Thursday, the airline mentioned it has finalized lease agreements for 10 planes. (Picture/Reuters)

MUMBAI: SpiceJet on Thursday mentioned it has finalized lease agreements for 10 planes because the no-frills airline appears to develop its capability. It has additionally acquired three airframes as a part of latest settlement agreements.
An official within the know mentioned the airline can be in talks with lessors relating to eight plane whose leases are expiring this month. Of those, the provider is trying to retain a minimum of six planes, the official added.
In addition to, the official mentioned two plane that have been grounded are again in operation.
At the moment, SpiceJet has greater than 30 planes in its fleet. In a launch on Thursday, the airline mentioned it has finalized lease agreements for 10 planes.
In line with the discharge, it has acquired three airframes as a part of latest settlement agreements and these have additionally resulted in financial savings of Rs 685 crore for the airline. Airframe refers to an plane with out engines.
Shares of SpiceJet rose 6 per cent to Rs 53.39 apiece within the morning commerce on the BSE.