SpiceJet is planning to order more than 150 planes in the current financial year. The Budget airline is in the process of placing a large aircraft order.
The airline was generating enough money internally but had unused credit lines that could be utilised to pay for the aircraft. The company has no intention of diluting equity to pay for the planes.
Currently, the airline has in its next generation fleet 20 Boeing 737 and 1 Airbus A319 aircraft along with 14 Bombardier Q-400 aircraft. Further, the company has unveiled a new winter schedule, raising a total daily flight operation to 291 from the current 250, adding 10 new sectors, 30 new frequencies and 22 connecting flights.
