SpiceJet to induct new aircrafts using sale and leaseback model
DSIJ Intelligence / 14 Aug 2017
Of the 275 new aircrafts that SpiceJet will add to its assets, the company will use the ‘sale and leaseback’ route to admit about one-sixth of them. This is to ensure that it remains asset-light, as reported by a national daily.
Of the 275 new aircrafts that SpiceJet will add to its assets, the company will use the ‘sale and leaseback’ route to admit about one-sixth of them. This is to ensure that it remains asset-light, as reported by a national daily. In the sale and leaseback model, the airline sells the aircraft at the time of delivery to a lessor at a premium from the ordered price and then inducts the planes in its fleet on lease.
Meanwhile, the company’s stock on the BSE jumped 3.73% at Rs 119.55 per share at 11:36 hours. The stock on a yearly basis has given 96.78% returns and outperformed the BSE Mid-Cap index.