Budget airline SpiceJet is planning to unground about 10 aircraft by April 2026 including 4-5 in early winter to cater the peak season demand. These include several Boeing 737 NG aircraft, Boeing 737 MAX aircraft, and Q400 aircraft. The grounded aircraft have been contributing to the company's growing payment liabilities of rent and maintenance.
As per a regulatory filing, the airline has secured maintenance and overhaul slots to accelerate the restoration of its grounded fleet. SpiceJet dispatched 19 engines to engine shops across the globe. The under-repair aircraft engines include 7 engines for Boeing 737 NG aircraft, 6 engines for Boeing 737 MAX aircraft, and 6 engines for Q400 aircraft.
On the last two months, SpiceJet finalised a lease agreement for ten Boeing 737 aircraft, further strengthening its fleet ahead of the upcoming winter schedule. These will be inducted under damp lease arrangements by October 2025.
"SpiceJet is fully geared to meet the surge in travel demand for the upcoming winter and early summer seasons," Debojo Maharshi, Chief Business Officer, said.
In July, the company reported that a total of 17 engines were sent for overhaul. With the receipt of the first two engines, SpiceJet expects a steady flow of additional engines in the coming months.
Out of these 17 engines, six CFM LEAP‐1B engines were sent to StandardAero’s Houston facility, while seven Q400 engines had been sent to its Singapore facility. Additionally, four engines were sent to Carlyle Aviation to support the revival of grounded Boeing 737 NG aircraft.
SpiceJet received the first two of its overhauled engines from global MRO provider StandardAero in July. These include a CFM LEAP‐1B engine that powers the Boeing 737 MAX, overhauled at StandardAero’s Houston, USA facility, and one Q400 engine, received from StandardAero’s Singapore facility.
SpiceJet has a fleet of 56 aircraft as on June 30, 2025, out of which 21 are operational on ground. In the quarter ended March 2025, the airline reported a fleet of 61 aircraft, including 25 operational ones.
The Gurugram-based company reported a net loss of Rs 238 crore in Q1 FY26, citing the impact of geo‐political situation with a neighbouring country and airspace restrictions in key markets, which led to subdued leisure travel demand. In Q1 FY25, SpiceJet reported a net profit of Rs 150 cr.
"This quarter’s results reflect the extraordinary challenges faced by the aviation industry, including geopolitical turbulence, restricted air routes, and supply chain disruptions," Ajay Singh, Chairman and Managing Director, SpiceJet, said.
This heavy loss comes after a Rs 48 crore profit reported in Q4 FY25. The airline reported a rollercoaster of earnings as it reported a loss of Rs 404 cr in FY24.
The delay in returning grounded aircraft to service, owing to global supply chain disruptions and engine overhaul challenges, further compounded the situation, the airline said.
In September 2024, the airline raised Rs 3,000 crore through Qualified Institutional Placement (QIP), which was significantly oversubscribed by investors. As on March 2025, funds of Rs 300 cr stood unutilized from the QIP.
The fresh capital raised will be instrumental in ungrounding SpiceJet’s fleet, acquiring new aircraft, investing in technology and expanding into new markets, the chairman said in a statement.
The airline recently finalised terms with Carlyle Aviation Management Limited to restructure its entire lease obligations worth $121.18 million.
In the last financial year, SpiceJet's net worth stood at Rs 683 crore after completing equity infusion of Rs 500 crore by the promoter group.
As per a regulatory filing, the airline has secured maintenance and overhaul slots to accelerate the restoration of its grounded fleet. SpiceJet dispatched 19 engines to engine shops across the globe. The under-repair aircraft engines include 7 engines for Boeing 737 NG aircraft, 6 engines for Boeing 737 MAX aircraft, and 6 engines for Q400 aircraft.
On the last two months, SpiceJet finalised a lease agreement for ten Boeing 737 aircraft, further strengthening its fleet ahead of the upcoming winter schedule. These will be inducted under damp lease arrangements by October 2025.
"SpiceJet is fully geared to meet the surge in travel demand for the upcoming winter and early summer seasons," Debojo Maharshi, Chief Business Officer, said.
In July, the company reported that a total of 17 engines were sent for overhaul. With the receipt of the first two engines, SpiceJet expects a steady flow of additional engines in the coming months.
Out of these 17 engines, six CFM LEAP‐1B engines were sent to StandardAero’s Houston facility, while seven Q400 engines had been sent to its Singapore facility. Additionally, four engines were sent to Carlyle Aviation to support the revival of grounded Boeing 737 NG aircraft.
SpiceJet received the first two of its overhauled engines from global MRO provider StandardAero in July. These include a CFM LEAP‐1B engine that powers the Boeing 737 MAX, overhauled at StandardAero’s Houston, USA facility, and one Q400 engine, received from StandardAero’s Singapore facility.
SpiceJet has a fleet of 56 aircraft as on June 30, 2025, out of which 21 are operational on ground. In the quarter ended March 2025, the airline reported a fleet of 61 aircraft, including 25 operational ones.
The Gurugram-based company reported a net loss of Rs 238 crore in Q1 FY26, citing the impact of geo‐political situation with a neighbouring country and airspace restrictions in key markets, which led to subdued leisure travel demand. In Q1 FY25, SpiceJet reported a net profit of Rs 150 cr.
"This quarter’s results reflect the extraordinary challenges faced by the aviation industry, including geopolitical turbulence, restricted air routes, and supply chain disruptions," Ajay Singh, Chairman and Managing Director, SpiceJet, said.
This heavy loss comes after a Rs 48 crore profit reported in Q4 FY25. The airline reported a rollercoaster of earnings as it reported a loss of Rs 404 cr in FY24.
The delay in returning grounded aircraft to service, owing to global supply chain disruptions and engine overhaul challenges, further compounded the situation, the airline said.
In September 2024, the airline raised Rs 3,000 crore through Qualified Institutional Placement (QIP), which was significantly oversubscribed by investors. As on March 2025, funds of Rs 300 cr stood unutilized from the QIP.
The fresh capital raised will be instrumental in ungrounding SpiceJet’s fleet, acquiring new aircraft, investing in technology and expanding into new markets, the chairman said in a statement.
The airline recently finalised terms with Carlyle Aviation Management Limited to restructure its entire lease obligations worth $121.18 million.
In the last financial year, SpiceJet's net worth stood at Rs 683 crore after completing equity infusion of Rs 500 crore by the promoter group.
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