Spicejet will probably start taking delivery of 7 Boeing 737 Max planes by the end of November in preparation for the winter schedule. The number of flights the airline runs during the winter season may be lower than during the summer season.
Two aircraft are likely to be inducted by the end of October, and the remaining ones by the end of November. There have been strong headwinds for Spicejet. At least six aeroplanes have had their registrations removed in the recent months. In order to balance out the aircraft that have been deregistered, the person explained that these aircraft were being wet-leased.
The no-frills carrier has recently experienced some technological difficulties as well. SpiceJet was asked by the DGCA in July to run at up to 50% of the number of departures authorized under the summer schedule 2022 until October 29, 2022.
For the summer schedule, SpiceJet received authority to run 600 daily flights, of which it ran about 300. SpiceJet would fly fewer daily flights than the summer timetable. It declared that it will send a total of 80 pilots who fly Dash 400 and Boeing 737 planes on unpaid leave. This will be done for three months, presumably to cut costs for the airline.
The past few quarters have seen a severe cash crunch for SpiceJet. It reported a 789 crore net loss in the first quarter of FY23. A beneficiary of the Emergency Credit Line Guarantee Scheme is SpiceJet. Both 200 crore and 400 crore were made available.
This is the third time that the government has also offered assistance to the airlines. According to sources, SpiceJet has applied to participate in the scheme’s current round of benefits. “The promoters are working to set up the necessary equity.