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SpiceJet finalises lease agreement to induct five Boeing 737 aircraft

28 Jul 2025 Evaluate

SpiceJet has finalised a lease agreement to induct five Boeing 737 aircraft. These aircraft are scheduled to join the airline’s fleet in October 2025, ahead of the commencement of the winter schedule, and will cater to the peak winter season as well as the early summer season of 2026. 

The aircraft are being inducted on a damp lease basis, where operational crew will be shared between the operator and the company. This fleet addition is part of the airline’s broader strategy to bolster capacity ahead of the winter schedule and cater to increased travel demand during the peak and early summer seasons. The company is also in advanced discussions with other lessors to further enhance its fleet and strengthen both domestic and international operations.

SpiceJet is among the first private companies that stepped into the Indian aviation sector.

Peers
Company Name CMP
Interglobe Aviation 4813.00
SpiceJet 8.89
TAAL Tech 1043.30
Taneja Aerospace 332.95
Global Vectra Helico 124.10
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