Airline stock under Rs 50 jumps after receiving the first two of 17 overhauled engines from StandardAero
The company is taking significant steps to strengthen its fleet, having received the first two of 17 overhauled engines from global MRO provider StandardAero
On Thursday, shares of SPICEJET LTD jumped 3.6 per cent to Rs 40.89 per share from its previous closing of Rs 39.48 per share. The stock’s 52-week high is Rs 79.90 per share and its 52-week low is Rs 38.83 per share. The stock is up by 5.30 per cent from its 52-week low of Rs 39.91 per share.
SpiceJet is taking significant steps to strengthen its fleet, having received the first two of 17 overhauled engines from global MRO provider StandardAero. This delivery includes a CFM LEAP-1B engine for its Boeing 737 MAX fleet, overhauled in Houston, USA, and a Q400 engine from Singapore. In addition to these new arrivals, the airline successfully returned another Boeing 737 NG aircraft to service last month, demonstrating its methodical approach to restoring operational capacity.
The receipt of these initial engines marks the beginning of a steady influx of overhauled engines for SpiceJet in the coming months. The airline had sent six CFM LEAP-1B engines to StandardAero's Houston facility and seven Q400 engines to its Singapore facility for overhaul. Furthermore, four engines have been sent to Carlyle Aviation, specifically to aid in bringing more grounded Boeing 737 NG aircraft back into active service, underscoring SpiceJet's comprehensive strategy for fleet revitalisation.
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About the Company
SpiceJet is India’s favourite airline that has made flying affordable for more Indians than ever before. SpiceJet is an IATA‐IOSA certified airline that operates a fleet of Boeing 737s & Q‐400s and is one of the country’s largest regional players operating multiple daily flights under UDAN or the Regional Connectivity Scheme. The majority of the airlineʹs fleet offers SpiceMax, the most spacious economy‐class seating in India.
The promoters of the company bought 9,96,14,052 shares and increased their stake to 33.47 per cent in March 2025 compared to December 2024. Additionally, Authum Investment & Infrastructure Limited holds a 2.65 per cent stake and Plutus Wealth Management LLP holds a 2.71 per cent stake in the company as of March 2025. In its annual results, the company reported net sales of Rs 5,284 crore, an operating loss of Rs 466 and a net profit of Rs 58 crore in FY25. The company has a market cap of over Rs 5,200 crore.
Disclaimer: The article is for informational purposes only and not investment advice.