SpiceJet to induct 16 Boeing aircraft on dry lease

To bring down flight cancellations and expand the airline’s international and domestic presence, SpiceJet has announced to induct 16 Boeing 737-800 NG aircraft on dry lease. The airline in a statement said, “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.Subject to regulatory approvals, the aircraft would begin joining SpiceJet fleet in the next ten days.” “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,” said Ajay Singh, Chairman and MD, SpiceJet.

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.