SpiceJet has received a Memorandum of Understanding (MoU) for the induction of 10 aircraft, signalling fresh momentum in the airline’s ongoing recovery and expansion plan.
A Memorandum of Understanding, or MoU, is a preliminary agreement that outlines intent between parties before final contracts are signed. The development comes just days after the board approved a calibrated fleet ramp-up to 60 aircraft through a mix of wet and damp leases, along with the phased return of previously grounded planes.
The airline’s operational turnaround has accelerated in recent months. In the last quarter alone, SpiceJet doubled its capacity. Available Seat Kilometres, a key industry metric that measures total passenger carrying capacity, rose from around 55 crore to 105 crore. In simple terms, ASKMs represent the number of seats available multiplied by the distance flown, and are used to gauge how much capacity an airline is offering.
Building on this recovery, SpiceJet now plans to more than double capacity during the year. It is targeting around 220 crore ASKMs by Winter 2026 and aims to operate over 300 daily flights across its network.
Debojo Maharshi, Chief Business Officer at SpiceJet, said the rapid increase in capacity reflects improving demand and renewed confidence in the business. “Doubling our capacity in the last quarter has been a significant milestone,” he said. “The receipt of this MoU is an encouraging development as we continue to rebuild and expand our operations in a measured manner.”
The airline says its focus remains on restoring capacity, strengthening connectivity and improving reliability, while maintaining a disciplined approach to growth as it works toward long-term stability.
