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Budget carrier Jet airways planes used by spicejet kit, which reported a 22 per cent increase in net profit to Rs On Sunday, the airline, currently the third largest in the country, announced the induction of a Boeingtaking its fleet size to The airaays is that SpiceJet hopes to increase capacity by a whopping 80 per cent in the current fiscal, an impressive turnaround for an airline that was on the brink of closure in Having jeet inducted 22 Boeing NG Next Generation planes from the now- wingless Jet Airways, the carrier now plans to add eight more such planes in the next two weeks, Kiran Koteshwar, airwayz financial officer CFO of SpiceJet told Mint, ued that "we didn't incur any additional capex on these aircraft".

Over kot planes of Jet Airways have been deregistered since its cash-crunch began and the airline was forced to cease operations last month.

The 30 Boeing planes bagged by SpiceJet are all on short-term leases, with a maximum lease tenure of 24 months. On an average it operates daily jet airways planes used by spicejet kit to 62 destinations, 53 of which are domestic.

It expects the additional capacity to cater to higher demand during the peak summer travel season of April-June, thanks to school holidays. Mathematically, we have advanced our expansion programme, which was supposed to happen in toby inducting the new capacity," Koteshwar added.

SpiceJet is also hopeful that it will get all its grounded Max planes back in operation by July end. According to the CFO, the guidance given by Boeing indicates that all the necessary work iit been done in this regard and regulatory permissions are now awaited. In March, India had joined the growing number of countries grounding Boeing MAX 8 planes following two deadly plane crashes killing people in the space of five months, both involving this aircraft model.

India's aviation jit Directorate General of Civil Aviation had said at the time that these planes would be "grounded till appropriate modifications and safety measures are undertaken to ensure their safe operations".

The ban had hit SpiceJet the hardest. It owned 13 Boeing Max 8s while all five belonging to Jet Airways - the only other planss airlines that had inducted this model - had already spicejdt grounded when the DGCA order came it.

Koteshwar claimed that SpiceJet intends to replace all Boeing planes with the jet airways planes used by spicejet kit fuel jsed Boeing Max planes in the next months, assuming they get the regulator's nod to fly. The airline is reportedly also evaluating the low-cost model to fly to long-haul international destinations.

He further claimed that SpiceJet will add more than 50 to its fleet during the current calendar year. Also read: SpiceJet posts net jet airways planes used by spicejet kit of Rs Settings Logout. SpiceJet inducts 22 grounded Jet Airways planes; to add 8 more aircraft. SpiceJet reported a 22 per cent increase in net profit to Rs Previous Story Jet Airways crisis: Lenders expected to take final decision in two jet airways planes used by spicejet kit. Must Read.

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