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SpiceJet Secures Lease for 10 Aircraft, Boosts Capacity for Summer Schedule

SpiceJet has secured lease agreements for 10 aircraft as part of its strategy to expand capacity ahead of the upcoming summer schedule.

This move highlights SpiceJet’s dedication to offering seamless connectivity and improved services to travelers during peak seasons. The additional aircraft will enable the airline to meet the rising demand for air travel, especially during the busy summer period.

SpiceJet has recently acquired three airframes through settlement agreements, further enhancing its fleet capabilities. These agreements with major aircraft lessors have also led to savings of INR 685 Crore for the airline.

On March 7, SpiceJet announced the successful resolution of a $49.8 million (INR 413 Crore) dispute with Echelon Ireland Madison One Ltd. This settlement resulted in savings of $48 million (INR 398 Crore) for SpiceJet and the acquisition of two airframes.

Additionally, SpiceJet resolved an $11.2 million (INR 93 Crore) dispute with aircraft leasing firm Cross Ocean Partners, resulting in the transfer of an airframe and an engine to the airline.

Moreover, SpiceJet and Celestial Aviation, a subsidiary of AerCap, mutually settled their $29.9 million (INR 250 Crore) dispute, resulting in a saving of INR 235 Crore for SpiceJet.

SpiceJet remains steadfast in its mission to serve the Indian aviation sector and looks forward to continuing its growth trajectory while delivering value and convenience to passengers across the country.

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