SpiceJet signs MoU for financing of 50 aircraft

SpiceJet has signed an MoU with US investment firm Avenue Capital for the financing of 50 aircraft, including via sale-and-leasebacks. The agreement is for a “strategic alliance in respect of the financing, acquisition and sale and lease‐back of 50 new planes to be ordered by the airline”, SpiceJet says Wednesday. It adds: “The MoU sets out the next steps and conditions upon which Avenue, as part of the strategic alliance with SpiceJet, will assist with placing of SpiceJet’s new aircraft portfolio including sale and lease‐back of and also assumption of ownership of potentially up to 50 of these aircraft.” The Indian low-cost carrier did not state which aircraft types Avenue Capital would finance. SpiceJet has 142 Boeing 737 Max on order delivering between this month and January 2029, Cirium fleets data show. Of these, 110 are the 737 Max 8, 20 the 737 Max 10, while the rest are an unspecified variant.<br/>