SpiceJet has finalised a lease agreement to induct a wide?body Airbus A340 aircraft into its fleet, as part of airline’s expansion strategy. The aircraft will arrive in India by the end of September and is expected to enter operations in the first week of October. The airline will operate the A340 on a wet lease model and subsequently transition to a damp lease arrangement, offering greater operational flexibility and significant cost savings. Subject to regulatory approvals, the A340 is being inducted with the intention of serving as a long?term addition to airline’s fleet, with operations planned well beyond a year.
This induction will boost capacity to meet rising passenger demand and further strengthen airline’s growing network. Additionally, the airline is in advanced discussions to lease another wide?body A340 aircraft, further strengthening its fleet and supporting its long?term growth strategy.
SpiceJet is among the first private companies that stepped into the Indian aviation sector.
