India-based budget airline SpiceJet is planning to include more than 100 single-aisle aircraft in the next two to three months in order to meet the increasing local demand.

The carrier currently has a fleet that mostly includes Boeing aircraft.

Last November, the airline said that it was negotiating with both Boeing and Airbus to buy more than 150 planes.

SpiceJet was also discussing with Bombardier; France-based joint venture ATR; and Brazil’s Embraer for 50 additional smaller planes.

In addition, the airliner is also planning to add 14 Bombardier Q400 turboprop planes to expand its fleet of small aircraft, reported Reuters.

"We are delighted that we have made significant progress both financially and operationally, and have significantly strengthened our balance sheet."

SpiceJet chairman and managing director Ajay Singh, who took over the struggling airline last year, stated that the company had stabilised its operations and was resolving pending settlements.

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Singh was quoted by DNA as saying: "We need to add capacity and we are doing this by way of dry leasing. We will continue to add aircraft on dry lease.

"By June, we would have added six dry lease aircraft, basically as replacement for the wet leased ones."

The airline currently operates 293 daily flights to 40 destinations, including 34 Indian and six international destinations.

Singh added: "We had inherited a deeply stressed company last year. We are delighted that we have made significant progress both financially and operationally, and have significantly strengthened our balance sheet."