- SpiceJet hopes to place an order for over 100 planes in 2-3 months
- SpiceJet disclosed plans in November to buy more than 150 planes
- SpiceJet's net profit more than tripled to Rs 73 crore in Q4
SpiceJet disclosed plans in November to buy more than 150 planes and that it was in talks with both Boeing and Airbus. Its current fleet is mostly Boeing planes.
Ajay Singh, who last year took over the airline, rescuing it from the brink of collapse, told a news conference on Thursday that operations had stabilised and the carrier was cleaning up legacy issues.
Talks are also continuing with small aircraft makers to potentially add to its fleet of 14 Bombardier Q400 turboprop planes, Singh said.
He had said in November that SpiceJet was in talks with Bombardier, France's ATR - a joint venture between Airbus and Finmeccanica - and Brazil's Embraer for 50 more smaller planes.
India's highly-competitive airline sector has benefited from lower fuel prices and growing passenger numbers.
SpiceJet's net profit more than tripled to Rs 73 crore for the three months to March 31, from Rs 22.5 a year earlier, it said in a statement.
The results included one-time gains of about Rs 63.7 crore, and also one-time expenses of Rs 173 crore towards "stabilising and improving the reliability of its fleet", the airline said.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.