Indian carrier SpiceJet is set to induct 10 new aircraft in November, including three grounded aircraft, following its successful fundraising campaign in September.
Indian carrier SpiceJet has quickly reached its target in its latest fundraising exercise, which represents a vote of confidence by investors in the carrier’s prospects.
While a major round of consolidation is still likely to occur in the Indian airline industry, the process is taking longer to play out than expected years ago.
English court rules against Indian low-cost carrier SpiceJet in its legal battle with lessor Genesis relating to an engine change on a Boeing 737 aircraft.
Aircraft lessor Aircastle is taking India’s SpiceJet to court over its claim for unpaid fees, although the carrier aims to settle the dispute out of court.