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The addition of these aircraft to Spicejets fleet will help the airline launch several new flight routes and services, while also catering for the increased passenger demand.
Ajay Singh is trying to revive SpiceJet by using funds raised from small stake sales to increase operations. He might need to do a big stake sale
SpiceJet has already commenced the induction of 10 leased B737 aircraft of which three leased B737s and one A340 have been added back to the fleet, a CNBC-TV18 report said
Two of three de-registered planes were non-operational and there's no impact on operations, SpiceJet said.
Aircraft lessor Aircastle moved NCLT claiming SpiceJet has unpaid dues pending and has sought initiation of Corporate Insolvency Resolution Process (CIRP) proceedings under Section 9 of the Insolvency and Bankruptcy Code (IBC).