SpiceJet has finalised lease agreements to induct 20 aircraft, comprising 15 Boeing and five Airbus planes, into its fleet between mid-October and mid-November, as the airline builds up capacity ahead of the winter schedule and the year-end holiday travel season.
The aircraft will be inducted under damp and wet lease arrangements, the airline said. Under a damp lease, the lessor supplies the aircraft along with flight crew and maintenance support while the airline provides its own cabin crew. In a wet lease, the lessor operates the aircraft with its own complete crew, insurance and maintenance cover.
