SpiceJet, an Indian budget airline, aims to enhance fleet development by adding 10 aircraft to its current fleet. The airline, known for its affordable tickets and offering a positive customer experience, currently operates flights domestically as well as internationally. Inaugurated in 2005, it also provides cargo services making it a versatile airline for customers and businesses alike. Affected by financial constraints, the Indian airline hopes to return to peak operations by introducing a new fleet which will involve leasing aircraft and restoring old grounded planes.
How is this beneficial for the company?
The company currently only operates close to 20 aeroplanes out of its entire fleet. It will look to boost operational facilities by flying additional aircraft which will stimulate more business for the airline. This will be helpful for the company in times when it is facing various financial issues and criticism. The addition of 10 aircraft will create a more competitive company against industry rivals such as Indigo, Akasa Air and Air India.
Future plans for the airline
The budget airline is looking to return to peak operations and create a more competitive airline both in the industry and for its customers. Enhancing fleets is one of the best ways to succeed in aviation, as customers are the biggest influence on an airline. The company, which has been under great financial scrutiny, aims to have over 100 aircraft by 2026 with a budget of a whopping 3,000 crores ($300 million).
Spicejet CEO, Ajay Singh had a few words to share on the upgrade:
We think that this amount is sufficient to fund SpiceJet’s expansion plan, which is to go from the current level of 25, 27, 28 aircraft to in excess of 100 aircraft in two years.
The Indian aviation industry looks to be growing daily as we can see regular investments into the fleets of airlines such as Air India who recently upgraded their planes, and Akasa Air.
What do you think about SpiceJet’s recent expansion? What other moves can it make to become more competitive in the Indian market? Share your opinions below.
