New Delhi, Dec. 19 -- SpiceJet is perennially referred to as financially beleaguered. The airline, which nearly went down in December 2014 and saw a change of ownership and multiple challenges since then, is now adding capacity in every possible way. SpiceJet lost its market position to Akasa Air, and its domestic market share went below 2% for a few months this year.

With a fund infusion of Rs.3,000 crore over the last year, the airline also settled many disputes it had with lessors and other creditors. This included the conversion of dues to equity for Carlyle Aviation Partners, one of the lessors, along with settlements with a few others, which gave SpiceJet ownership of 19 Q400 aircraft. The Q400 has been out of production for some t...