SpiceJet settles salary dues following successful Rs 3,000 crore QIP

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SpiceJet settles salary dues following successful Rs 3,000 crore QIP - Business Standard

Quick Summary:

SpiceJet has faced additional challenges in recent weeks, including flight disruptions in Dubai due to unpaid airport dues.

During high-demand periods, the airline intends to lease additional planes on a short-term wet lease basis, according to chairman and managing director Ajay Singh.

Looking ahead, the airline plans to expand its fleet to 40 aircraft by March 2025, matching the size of rival Akasa Air, with a further 40 aircraft to be added the following year.