SpiceJet to Expand Fleet with 5 Boeing 737 Aircraft by October 2025

SpiceJet is ramping up its operational readiness by finalising a lease for 5 Boeing 737 aircraft. Expected to be inducted by October 2025, the move is targeted at meeting increased passenger demand during the upcoming winter and early summer 2026 travel period.

SpiceJet’s Strategic Fleet Expansion Under Damp Lease

On July 25, 2025, SpiceJet announced it will lease 5 Boeing 737 aircraft under a damp lease model, where the lessor provides some operational services along with the aircraft, while the airline controls other elements. These aircraft are scheduled to join the fleet by October 2025, helping the airline ramp up operations ahead of peak seasonal travel.

Objective Behind the Aircraft Addition

This fleet induction is critical for addressing rising passenger volumes during the winter festive season and onward into early summer 2026. Domestic and international travel demand is rebounding, and the airline aims to ensure consistent availability and punctuality by increasing its operational fleet.

Read More: Air India Eyes $200 Million Loan to Expand Boeing 777 Fleet!

Plans for Additional Capacity Enhancement

SpiceJet is actively negotiating with multiple lessors to bring in additional aircraft beyond the current five. This signals a strong strategic shift as the carrier looks to revitalise its position in the market, enhance connectivity, and cater to underserved routes across sectors.

SpiceJet Share Price Performance

On July 25, 2025, SpiceJet share price opened at ₹39.06 on BSE, below the previous close of ₹39.21. During the day, it surged to ₹39.06 and dipped to ₹37.27. The stock is trading at ₹38.26 as of 2:46 PM. The stock registered a significant decline of 2.42%.

Over the past week, it has moved up by 0.05%, over the past month, it has declined by 5.11%, and over the past 3 months, it has declined by 29.15%.

Conclusion

SpiceJet’s decision to expand its fleet with 5 Boeing 737 aircraft by October 2025 is a clear step toward capacity enhancement and operational strengthening. With plans to explore further leasing options, the airline is gearing up for a more competitive and efficient winter and summer travel season.

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