SpiceJet announces expansion of cargo services

SpiceJet is looking to not only expand its passenger operations but also its cargo services, both domestically and internationally. The airline plans to induct 50 Boeing 737 Max planes by December 2023, said, Chairman, SpiceJet, Ajay Singh. Twenty additional cargo planes will be added in the next two years, the officials said. The airline may spend $2.5 billion to $3 billion to expand its cargo operations over the next few years.
“A fleet of 10-12 wide-body planes and 10 freighter versions of narrow-body planes will be sufficient to expand our cargo operations in the next two years, over and above the 17 aircraft we currently have in our cargo operations,” a senior SpiceJet official said.
“The cargo business is growing very rapidly and we are looking at all opportunities to raise funds to grow this business quickly, and that includes selling a stake,” said Singh.
As part of SpiceJet’s cargo expansion plans, the airline will create a network for domestic and international operations. It may set up loading docks and storage facilities in India, said the officials.