Overview

• SpiceJet confirmed a second damp lease for five Boeing 737s on August 13, bringing total short-term inductions to 10 aircraft scheduled to join from early October through May 2026.
• Under the damp-lease arrangements, operational crews will be shared between SpiceJet and the lessor to accelerate service ramp-up.
• Data from Planespotter.com indicates SpiceJet currently operates 19 of its 53-strong fleet, with 34 aircraft grounded.
• The airline is in advanced talks to lease more jets ahead of its Winter 2025 schedule to shore up capacity and improve on-time performance.
• SpiceJet’s share price rose about 2.8% intraday on the National Stock Exchange following the lease announcement.