India’s SpiceJet Ltd, as a part of its renewed expansion mode has placed an order for buying at least 20 more planes after media baron Kalanithi Maran agreed to purchase a 37.75% stake in the airline to become its single largest shareholder.
The planned aircraft purchase would double the fleet of the Gurgaon-based airline. Maran’s entry into the airlines is expected to stabilize SpiceJet’s operation and improve its focus. SpiceJet also plans to add 4 more aircrafts to its current all-Boeing 737 fleet of 20 aircraft. The carrier operates 137 flights daily to 19 cities and has received approval to operate flights to the capitals of Nepal, Bangladesh and Maldives.
