SpiceJet is reportedly in talks with Boeing and Airbus to acquire 80-120 planes in eight years. The airline needs to expand its fleet expansion because leases of its current Boeing 737s will expire over the next four years.
Currently, the airline has a fleet of 34 aircraft including 18 Boeing 737s, two wet-leased Airbus A319s, and 14 Bombardier Q400 turboprops. The company is hoping to expand its Boeing 737 fleet to 26 by the end of the year. It has on order 42 Boeing 737 Max jets valued at $4.4 billion in list price that are due for delivery from 2018.
SpiceJet is India’s most preferred airline who delivers the lowest air fares with the highest consumer value. The airline currently operates flights to over 44 Indian cities and 9 international destinations.
