SpiceJet Rises 3% as Overhauled Engines Arrive, Boeing 737 NG Rejoins Fleet

SpiceJet’s stock climbed nearly 3% on July 3 after the low-cost carrier announced the arrival of two overhauled engines from global MRO provider StandardAero, marking a critical step in its broader fleet revival plan. The engines include one CFM LEAP-1B engine used in Boeing 737 MAX aircraft, serviced at StandardAero’s Houston facility, and a Q400 engine overhauled in Singapore. These deliveries are part of a 17-engine overhaul order designed to systematically unground the airline’s fleet and restore operational capacity amid ongoing financial and regulatory scrutiny. The company expects more refurbished engines in the coming months.

Highlights:

• Stock rose 3% following engine overhaul update.

• One LEAP-1B and one Q400 engine delivered by StandardAero.

• 17-engine overhaul part of SpiceJet’s revival roadmap.

• More engine deliveries expected over next few months.

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Additional Aircraft Returns to Service Amid Gradual Re-activation

In a further sign of its revival, SpiceJet confirmed that another Boeing 737 NG aircraft has successfully returned to service in June. The airline emphasized its phased strategy to unground jets as engines and spares are gradually restored. Of the 17 engines undergoing overhaul, six LEAP-1Bs were sent to Houston, seven Q400s to Singapore, and four other engines to Carlyle Aviation for use in 737 NG aircraft. The effort reflects SpiceJet’s structured approach to restoring capacity after months of severe operational disruptions due to grounded planes, liquidity issues, and regulatory pressures.

Highlights:

• Another Boeing 737 NG returned to active service in June.

• Structured plan underway to revive fleet in phases.

• Four engines sent to Carlyle Aviation to support 737 NGs.

• Operational recovery tied closely to engine delivery schedules.

Mid-Air Incident Sparks Safety Concerns, Airline Issues Clarification

While the airline gained ground on its operational front, passenger safety concerns briefly took the spotlight after a window pane on a Goa-Pune flight allegedly popped out mid-air. The incident caused panic among passengers, raising questions about airworthiness. SpiceJet swiftly responded, clarifying that the detached part was a non-structural, cosmetic frame used to house the window shade and posed no risk to flight safety. The company stressed that the integrity of the aircraft remained intact, attempting to assure fliers amid ongoing scrutiny of its safety practices.

Highlights:

• Passenger raised concern over window dislodging mid-flight.

• SpiceJet clarified it was a cosmetic trim, not structural.

• Airline assured safety and integrity were not compromised.

• Incident comes amid broader safety focus in aviation sector.

Share Price Trend Remains Weak Despite Short-Term Gain

Despite the positive momentum from the engine deliveries and aircraft reactivation, SpiceJet’s broader stock trend remains bearish. The airline’s shares have declined over 6% in the past one month and plunged more than 27% in the last six months. Investors remain cautious amid persistent financial challenges, grounding-related capacity loss, and competitive pressures in India’s aviation sector. The current rally, while encouraging, is seen more as a technical bounce tied to incremental operational updates rather than a sustained turnaround indicator.

Highlights:

• Shares still down 6% in one month, 27% in six months.

• Investor sentiment cautious amid ongoing headwinds.

• Current rally driven by operational recovery cues.

• Long-term revival dependent on cash flow, safety, and scale-up.