₹807.07 crore. SpiceJet’s challenges started with delays in the delivery of Boeing 737 MAX planes, which impacted the airline’s profitability, said Kapil Kaul, South Asia chief executive officer of CAPA-Centre for Aviation, an aviation consultancy firm.In a first for an Indian no-frills carrier, SpiceJet recently inducted an Airbus A330 aircraft on wet lease (an arrangement through which the lessor operates the aircraft and also provides the crew) for medium and long-haul operations, and an Airbus A340 aircraft for cargo operations.
It also announced flights to the UK, after acquiring coveted slots at London’s Heathrow airport. The slots are temporary but come at a very opportune time for the carrier.