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Business

SpiceJet Shares Rise 3% as Overhauled Engines Arrive, 737 NG Returns to Service

Dolon Mondal
Last updated: July 3, 2025 1:47 pm
Dolon Mondal
SpiceJet

SpiceJet is back in the spotlight—and this time, for the right reasons.

On July 3, SpiceJet shares jumped nearly 3%, trading at ₹40.37 apiece in the afternoon. Why? Because the airline received its first two overhauled engines as part of its big comeback plan. It also brought another Boeing 737 NG back into service.

This is part of a much bigger move. SpiceJet has sent 17 engines for overhaul under what it calls its “fleet revival plan.” The first batch—a CFM LEAP-1B engine for its Boeing 737 MAX and a Q400 engine—just landed back from international repair facilities.

The CFM engine was serviced at StandardAero’s Houston facility in the US, while the Q400 came from Singapore. With these two now back, SpiceJet expects more engines to return over the next few months.

According to the airline, six LEAP-1B engines were sent to Houston, and seven Q400s went to Singapore. Four more engines are with Carlyle Aviation, helping bring more grounded Boeing 737 NGs back to life.

And they’re not wasting time. One more Boeing 737 NG was successfully ungrounded and returned to service in June. That’s one more jet back in the air, showing that SpiceJet isn’t just talking—it’s moving.

“We’re restoring our fleet in a structured, phased way,” the airline said, signaling a serious push to regain lost ground.

But just as SpiceJet was climbing back, it faced some turbulence.

Also Read Air India Crash: Flight Simulation Reveals Why the Jet Couldn’t Stay Airborne

A window pane on a Goa-Pune flight reportedly came loose mid-air, causing panic. A passenger even posted online, saying, “The whole interior window assembly just fell off mid-flight.”

SpiceJet quickly responded, saying it was only a cosmetic trim—not a structural part. “It did not compromise safety,” the airline clarified.

Still, it was a reminder: SpiceJet’s road to recovery won’t be easy. The airline’s shares have dropped over 6% in one month, and more than 27% in six months. The stakes are high.

SpiceJet’s story today is more than engines and flights. It’s a battle between mission and missteps—a tug of war between restoration and reputation.

Yes, they’re fixing planes. Yes, shares are up. But real recovery needs trust, not just tools.

In aviation, safety isn’t a feature—it’s the brand. And SpiceJet now walks a tightrope: either fly higher with purpose, or stall mid-air with PR spin.

Also Read Hindalco, Tata Steel Lead Gains as Metal Stocks Rise Up to 2% on China’s 9-Month PMI Low

TAGGED:Boeing 737 NGSpiceJet
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