DGCA assessing rerunning of Boeing 737 MAX planes
India’s aviation regulator has said it is assessing the decision of its US counterpart to let the Boeing 737 MAX planes fly again and it would take “some time ” before it gives its assent to the planes that have been grounded for more than a year following two fatal crashes.
The stock markets, however, have factored in the US Federal Aviation Administration’s decision as investors hoisted the SpiceJet share up by 12 per cent on Thursday.
On the BSE, the shares closed at Rs 74.35, rising 12.06 per cent over the previous close.
The FAA paved the way for the MAX aircraft to return to commercial service after a comprehensive and methodical safety review process that stretched for 20 months.
