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.
“In the first phase we will consolidate our existing operations….We hope by March 2016, to add six or seven more aircraft to our fleet,” said SpiceJet controlling shareholder and founder Ajay Singh, who recently returned as the airline’s primary promoter after relinquishing control to Kalanithi Maran’s Sun Group in June 2010.
Having lost the confidence of its suppliers last year, the airline appears “on the path to recovery,” said COO Sanjiv Kapoor. “Lessors are more confident and comfortable with us [now]…The pieces of the final puzzle are coming together,” he added.
01/07/15 Neelam Mathews/AINonline
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“In the first phase we will consolidate our existing operations….We hope by March 2016, to add six or seven more aircraft to our fleet,” said SpiceJet controlling shareholder and founder Ajay Singh, who recently returned as the airline’s primary promoter after relinquishing control to Kalanithi Maran’s Sun Group in June 2010.
Having lost the confidence of its suppliers last year, the airline appears “on the path to recovery,” said COO Sanjiv Kapoor. “Lessors are more confident and comfortable with us [now]…The pieces of the final puzzle are coming together,” he added.
01/07/15 Neelam Mathews/AINonline
