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SpiceJet expands regional fleet size to 32, adds five more Bombardier Q400s

BusinessToday.In     April 16, 2019

Low-cost carrier SpiceJet Tuesday announced that it would add five 90-seater Bombardier Q400s taking its regional jet fleet size to 32. The budget carrier said that three of these planes would join its fleet in the next 10 days and the remaining two would be inducted by June, SpiceJet said in a statement.

With this move, the airline is aiming at augmenting its capacity in the domestic markets, especially on regional routes, following the crisis at Jet Airways, which has triggered a huge surge in airfares in addition to a mismatch in demand and supply amid peak travel season.

SpiceJet last week announced the induction of 16 Boeing 737-800 NG aircraft on dry lease.

Also Read: SpiceJet shares surge over 8% on announcement of new international flights

"As part of our efforts to augment capacity and minimise passenger inconvenience, SpiceJet will induct five more Q400s in addition to the 16 B737s we announced last week," SpiceJet chairman and managing director Ajay Singh said.

He further stated that the sudden reduction of aviation capacity should in no way hamper air connectivity to the smaller towns and cities of India and as the country's largest regional operator, SpiceJet will make all efforts in this direction.

Also Read: Jet Airways pilots, engineers joining SpiceJet with pay cuts of up to 50%: report

The 90-seater variant is part of SpiceJet's second purchase order for up to 50 Q400 turboprops placed in September 2017 worth $1.7 billion. Spicejet has already inducted five planes as part of this order. It also operates a 78-seater variant of the same aircraft.

SpiceJet operates 516 average daily flights to 60 destinations, including 51 domestic and 9 international ones. The airline has a fleet of 48 Boeing 737, 27 Bombardier Q-400s and one B737 freighter.

Also Read: SpiceJet zooms over 9% on inducting new aircraft to its fleet

Also Read: Bombardier signs $1.7 billion deal with SpiceJet for 50 Q400 turboprop jets

(With inputs from agency.)

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