Budget plan airline company SpiceJet is preparing to unground about 10 airplane by April 2026 consisting of 4-5 in early winter season to cater the peak season need. These consist of numerous Boeing 737 NG airplane, Boeing 737 MAX airplane, and Q400 airplane. The grounded airplane have actually been adding to the business’s growing payment liabilities of lease and upkeep.
According to a regulative filing, the airline company has actually protected upkeep and overhaul slots to speed up the repair of its grounded fleet. SpiceJet dispatched 19 engines to engine stores around the world. The under-repair airplane engines consist of 7 engines for Boeing 737 NG airplane, 6 engines for Boeing 737 MAX airplane, and 6 engines for Q400 airplane.
On the last 2 months, SpiceJet settled a lease arrangement for 10 Boeing 737 airplane, even more reinforcing its fleet ahead of the upcoming winter season schedule. These will be inducted under moist lease plans by October 2025.
“SpiceJet is fully geared to meet the surge in travel demand for the upcoming winter and early summer seasons,” Debojo Maharshi, Chief Business Officer, stated.
In July, the business reported that an overall of 17 engines were sent out for overhaul. With the invoice of the very first 2 engines, SpiceJet anticipates a consistent circulation of extra engines in the coming months.
Out of these 17 engines, 6 CFM LEAP‐1B engines were sent out to StandardAero’s Houston center, while 7 Q400 engines had actually been sent out to its Singapore center. Furthermore, 4 engines were sent out to Carlyle Aviation to support the revival of grounded Boeing 737 NG airplane.
SpiceJet got the very first 2 of its upgraded engines from worldwide MRO service provider StandardAero in July. These consist of a CFM LEAP‐1B engine that powers the Boeing 737 MAX, revamped at StandardAero’s Houston, USA center, and one Q400 engine, gotten from StandardAero’s Singapore center.
SpiceJet has a fleet of 56 airplane as on June 30, 2025, out of which 21 are functional on ground. In the quarter ended March 2025, the airline company reported a fleet of 61 airplane, consisting of 25 functional ones.
The Gurugram-based business reported a bottom line of Rs 238 crore in Q1 FY26, mentioning the effect of geo‐political circumstance with a neighbouring nation and airspace constraints in essential markets, which resulted in controlled leisure travel need. In Q1 FY25, SpiceJet reported a net earnings of Rs 150 cr.
“This quarter’s results reflect the extraordinary challenges faced by the aviation industry, including geopolitical turbulence, restricted air routes, and supply chain disruptions,” Ajay Singh, Chairman and Managing Director, SpiceJet, stated.
This heavy loss follows a Rs 48 crore net earnings reported in FY25. The airline company reported a rollercoaster of profits as it reported a loss of Rs 404 cr in FY24.
The hold-up in returning grounded airplane to service, owing to international supply chain interruptions and engine overhaul difficulties, even more intensified the scenario, the airline company stated.
In September 2024, the airline company raised Rs 3,000 crore through Qualified Institutional Placement (QIP), which was considerably oversubscribed by financiers. As on March 2025, funds of Rs 300 cr stood unutilized from the QIP.
The fresh capital raised will contribute in ungrounding SpiceJet’s fleet, obtaining brand-new airplane, buying innovation and broadening into brand-new markets, the chairman stated in a declaration.
The airline company just recently settled terms with Carlyle Aviation Management Limited to reorganize its whole lease responsibilities worth $121.18 million.
In the last fiscal year, SpiceJet’s net worth stood at Rs 683 crore after finishing equity infusion of Rs 500 crore by the promoter group.