SpiceJet Signs MoU To Add 10 Aircraft, Targets 300+ Daily Flights By Winter 2026

SpiceJet has signed a memorandum of understanding to induct 10 additional aircraft as part of its strategy to rebuild operations and expand its network. This comes shortly after the airline’s board approved a gradual increase in fleet size to 60 aircraft through wet and damp leases, along with the phased return of grounded planes.

Capacity Doubled Recently, Further Growth Expected

The airline said its recovery has accelerated in recent months, with available seat kilometres (ASKMs) rising from about 55 crore to 105 crore in the last quarter. Building on this progress, SpiceJet aims to more than double capacity to around 220 crore ASKMs by Winter 2026 while operating more than 300 daily flights across its network.

Expansion Focused On Connectivity And Reliability

According to the company, the planned expansion is intended to strengthen connectivity, improve operational reliability, and meet growing passenger demand while maintaining disciplined and sustainable growth. The airline’s leadership described the MoU as an encouraging step in restoring services and expanding operations steadily.

Balanced Strategy With Fleet Restoration

SpiceJet stated that it will continue following a balanced growth approach by combining the return of grounded aircraft with selective fleet additions. This strategy is aimed at strengthening long-term sustainability and improving overall network performance.

Spicejet Share Price Performance 

Despite operational progress, SpiceJet’s share price (NSE: SPICJET) declined about 1.3% in intraday trade. The stock has fallen more than 35% over the past month and is down over 61% so far in 2025, reflecting continued investor caution.

Also Read: Best PSU Stocks in India in February 2026!

Conclusion

SpiceJet’s plan to induct new aircraft and significantly increase daily flights signals a strong push toward operational recovery and network expansion. While financial market sentiment remains weak, sustained capacity growth and improved connectivity could support the airline’s long-term turnaround.

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