New Delhi: A spokesman of SpiceJet Ltd said that the firm will have to cancel over a fifth of its planned daily flights if it cannot reach an agreement with its lessors to bring in more aircraft by the end of this month.
SpiceJet is scheduled to make 280 daily flights from next week. But with its current fleet at 17 Boeing 737 jets and 15 Bombardier Q400s SpiceJet can only fly 218 journeys a day, the spokesman said on Friday.
It came close to collapsing in December after running out of cash to pay its creditors. SpiceJet lost 11 of its Boeing planes after the Delhi High Court this month ordered the aviation regulator to deregister the jets, following disputes with three lessors. The troubles of India`s second-largest budget carrier by market share have underlined the difficulties of operating in the country, where air travel is growing rapidly but high costs and tough competition have left most carriers unprofitable.
