Wednesday, May 29, 2019

SpiceJet to induct 60 aircraft in 2019-20: CFO

New Delhi, May 28 (IANS) As it moves to expand its global presence, budget carrier SpiceJet plans to aggressively augment capacity by 80 per cent during the current fiscal, a top company official said on Tuesday .

As per the plan, the airline will induct 60 aircraft, including 30 from the recently grounded Jet Airways, SpiceJet Chief Financial Officer (CFO) Kiran Koteshwar told IANS.

"We plan to expand our total capacity by 80 per cent during this (financial) year," Koteshwar said.

"We have already inducted 22 aircraft from lessors of Jet Airways. We plan to induct another eight aircraft from the lessors within the next 10-15 days."

Besides aircraft from Jet's lessors, the airline will add another 30 planes as part of the planned inductions.

According to Koteshwar, the airline expects the 13 grounded Boeing 737 MAX aircraft to enter service after the global ban on these planes are lifted.

The airline has, however, not yet received any reimbursements or compensation for the grounded Boeing 737 MAX aircraft.

On high air ticket prices, the CFO said that fares will soon even out, as the industry will attract more passengers and that the decline in traffic during April 2019 is a short-term trend.
28/05/19 Rohit Vaid/Quint

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