SpiceJet announces order for 30 B37-800s

SpiceJet's Board approved (27-Jul-2010) a new order for 30 B737-800 aircraft, with deliveries to commence in 2014. SpiceJet has a fleet of 21 B737-800/900s with seven more deliveries scheduled up to 2012. SpiceJet added it is evaluating "more aggressive fleet expansion" for the next 18 to 24 months than originally planned. The new confirmed aircraft will be owned or taken on lease, while the existing aircraft are all leased (Reuters, 27-Jul-2010). The carrier plans to add 15 aircraft over the next two years, of which seven aircraft will be added in the current fiscal year, according to SpiceJet director Ajay Singh. [more]

SpiceJet: "We are currently seeing a strong resurgence in domestic air traffic growth on the back of a robust macro-economic growth. We expect domestic demand to grow at 16% during the current year and to sustain a 12-14% annual growth going forward in the medium term. The growth will necessitate significant capacity induction and the fresh order announced by us today will ensure that SpiceJet will remain at the forefront of the growth story in the Indian skies," Kishore Gupta, Director. Source: Company Statement, 27-Jul-2010.