Team Blitz India
NEW DELHI: SpiceJet has finalised lease agreements for ten aircraft to bolster its capacity ahead of the upcoming summer schedule. This move is to ensure seamless connectivity and improved services provided to travellers during this peak travel season, the company said in an exchange filing on March 14.
Earlier, the airline had also announced a new direct route between Hyderabad and Ayodhya, which is set to be operational from April 2 onwards and will run thrice a week.
Recent settlement agreements have also bolstered SpiceJet’s fleet capabilities, with the airline receiving three airframes. These agreements with key aircraft lessors have translated into significant savings of Rs 685 crore for the low-cost airlines.
On March 7, SpiceJet announced the successful resolution of a $49.8 million (Rs 413 crore) dispute with Echelon Ireland Madison One Ltd, resulting in savings of $48 million (Rs 398 crore) and the acquisition of two airframes.
Additionally, SpiceJet resolved an $11.2 million (Rs 93 crore) dispute with aircraft leasing firm Cross Ocean Partners, leading to the transfer of an airframe and an engine to the airline.
