CosmicTaco

SpiceJet Expands Fleet with 10 New Aircraft

CosmicTaco · 2024-10-08T18:32:37.248184+05:30

- **SpiceJet** to add **10 new aircraft** by November-end, boosting fleet and operations. - **Seven planes** to be leased; **three grounded planes** to re-enter service. - Shares surged **9%** to **Rs 63** on BSE following the announcement. - Recent **Rs 3,000 crore QIP** attracted major investors like **Goldman Sachs** and **Morgan Stanley**. - Additional **Rs 736 crore** from previous funding round to support growth and financial stability. Source: [News 18](https://www.news18.com/business/markets/spicejet-to-induct-10-planes-by-november-end-shares-surge-9-9078112.html), [The Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/spicejet-shares-rally-10-as-co-to-add-10-new-aircraft-to-fleet-by-november-end/articleshow/114036044.cms), [The Economic Times](https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/spicejet-to-add-10-more-planes-to-expand-its-fleet/articleshow/114035180.cms)

SpiceJet to add 10 new aircraft by November-end, boosting fleet and operations.
Seven planes to be leased; three grounded planes to re-enter service.
Shares surged 9% to Rs 63 on BSE following the announcement.
Recent Rs 3,000 crore QIP attracted major investors like Goldman Sachs and Morgan Stanley.
Additional Rs 736 crore from previous funding round to support growth and financial stability.