"SpiceJet will induct 16 Boeing 737-800 NG aircraft on dry lease and has applied to the Directorate General of Civil Aviation (DGCA) for a No Objection Certificate (NOC) to import the aircraft," the airline said.
"Subject to regulatory approvals, the aircraft would begin joining SpiceJet fleet in the next ten days," it added.
The airline said the new inductions will not just bring down flight cancellations to nil but also help in SpiceJet's aggressive international and domestic expansion plans.
Under dry lease, the lessor provides the airline with the aircraft but without any crew member, while under wet lease, the lessor provides the aircraft along with complete crew.
Ajay Singh, Chairman and Managing Director, SpiceJet said this is the first lot of Boeing 737s that the airline is inducting in its fleet.
"The sudden reduction of aviation capacity has created a challenging environment in the sector. SpiceJet is committed to working closely with the government authorities to augment capacity and minimise passenger inconvenience," he said.
Earlier this week, Indian aviation watchdog DGCA had asked all airlines to come out with individual medium-term plan by Wednesday on enhancing availability of domestic flights, a move aimed at curbing rising airfares.
In its fleet, SpiceJet had 12 "737 Max" aircraft. On March 12, the DGCA announced its decision to "immediately" ground the Boeing 737 Max aircraft that were being used by airlines in India.
A 737 Maxaircraft operated by the Ethiopian Airlines crashed near Addis Ababa on March 10, killing 157 people, including four Indians.
This was the second such crash involving the 737 Max aircraft in less than five months.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.