By Bl New Delhi
Copyright thehindubusinessline
To accelerate its expansion plan, budget airline SpiceJet has finalised a lease agreement to induct a wide-body Airbus A340 aircraft into its fleet, subject to regulatory approvals.
Accordingly, the aircraft will arrive in India by the end of this month and is expected to enter operations in the first week of October.
Businessline had earlier reported that besides the newly leased 737 aircraft, the airline planned to lease out A340 aircraft for international destinations with heavy traffic volume.
“This aircraft will allow us to tap into new markets and expand our international footprint,” said SpiceJet’s Chief Business Officer Debojo Maharshi.
“With another A340 under negotiation and 18 Boeing 737 aircraft joining our fleet soon, SpiceJet is poised for one of its most ambitious growth phases.”
The airline plans to operate the A340 on a wet lease model and subsequently transition to a damp lease arrangement, offering greater operational flexibility and significant cost savings.
As per SpiceJet, the A340 is being inducted with the intention of serving as a long-term addition to its fleet, with operations planned well beyond a year.
At present, the airline is inducting capacity to cater to the future demand.
SpiceJet has signed lease agreements for the induction of 18 Boeing 737 aircraft, strengthening its fleet ahead of the Winter Schedule 2025.
Furthermore, the airline plans to bring back grounded aircraft after conducting required servicing and maintenance work.
Industry estimates showed that SpiceJet only had over 20 of its 53 aircraft in operation.
Published on September 26, 2025
