Getting the order 'right' is important since these planes will be with SpiceJet for 10-15 years, Singh, under whose stewardship the carrier is on a revival path, said.

Noting that the response to RFP (Request for Proposal) for new aircraft is being evaluated, Singh said "we will take the best decision in the interest of the company".

Currently, SpiceJet has some 41 planes in its fleet, including 25 Boeing 737s, 14 Bombardier Q400s and two leased Airbus 320 family.

SpiceJet is believed to be looking to order close to 150 new aircraft. It is looking at raising money for its ambitious fleet expansion plans.
Remaining profitable for the third consecutive quarter, SpiceJet last month posted a net profit of Rs 23.77 crore in the three months ended September on the back of a steep fall in fuel costs and other expenses.

On the domestic aviation sector, he said 2016 would be a positive year provided fuel prices remain soft and the market would be stimulated with lower fares.

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