SpiceJet Receives MoU for 10 Aircraft, Targets Major Expansion

SpiceJet Receives MoU for 10 Aircraft, Targets Major Expansion

By Manu Vardhan Kannan

Published on February 20, 2026

SpiceJet has received a Memorandum of Understanding (MoU) for the induction of 10 aircraft, marking another key step in its ongoing capacity expansion and network restoration programme. The move aligns with the airline’s broader strategy to steadily rebuild operations while maintaining cost discipline and operational stability.

The development follows SpiceJet’s Board-approved plan announced last week to progressively scale its fleet to 60 aircraft. This growth will be driven through a mix of wet and damp leases, along with the phased reactivation of grounded aircraft. The latest MoU further strengthens the airline’s intent to accelerate expansion in a measured and structured manner.

SpiceJet’s recovery has gathered pace in recent months, supported by wider network coverage and sharper capacity optimisation. During the last quarter, the airline doubled its capacity, with Available Seat Kilometres (ASKMs) increasing from around 55 crore to 105 crore. This growth reflects improving demand across both domestic and regional routes.

Building on this momentum, the airline plans to more than double its capacity during 2026. By the Winter 2026 schedule, SpiceJet is targeting 220–225 crore ASKMs while operating over 300 daily flights. The expanded capacity is expected to strengthen connectivity across key metro and tier-II markets, improve schedule reliability, and cater to sustained passenger demand.

Commenting on the development, Debojo Maharshi, Chief Business Officer, SpiceJet, said: “Doubling our capacity in the last quarter has been a significant milestone, and the plans we have in place to more than double it further this year reflect growing confidence in the business and strong demand across the network. The receipt of this MoU is an encouraging development as we continue to rebuild and expand our operations in a measured manner. Our focus remains on restoring capacity, strengthening connectivity and improving reliability for our passengers.”

As part of its long-term roadmap, SpiceJet will continue to follow a balanced fleet strategy. By combining the return of grounded aircraft with selective capacity additions, the airline aims to position itself for sustainable growth as the aviation market continues its recovery.


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