STOCK MARKET BSE NSE

SpiceJet shares jump over 4 per cent after DGCA lifts ban on Boeing 737 Max aircraft

Currently, in India, only SpiceJet airline has Boeing 737 Max aircraft in its fleet.

Published: 27th August 2021 02:27 PM  |   Last Updated: 27th August 2021 02:27 PM   |  A+A-

SpiceJet

SpiceJet flight (Photo | PTI)

By PTI

NEW DELHI: Shares of SpiceJet on Friday,  August 27, 2021, jumped over 4 per cent after aviation regulator DGCA lifted the ban on Boeing 737 Max planes' commercial flight operations after almost two-and-half years.

The stock gained 4.36 per cent to Rs 74.15 on the BSE.

India's aviation regulator DGCA on Thursday, lifted the ban on Boeing 737 Max planes' commercial flight operations after almost two-and-half years.

ALSO READ: Delhi Airport sees gradual growth in passenger traffic numbers

On March 13, 2019, all Boeing 737 Max planes were grounded in India by the Directorate General of Civil Aviation (DGCA) after the crash of an Ethiopian Airlines 737 Max plane on March 10, near Addis Ababa which had left 157 people, including four Indians, dead.

Currently, in India, only SpiceJet airline has Boeing 737 Max aircraft in its fleet.

The budget carrier, in a statement on Thursday, said it expects to start operations of Max planes around the end of September, subject to regulatory approvals.
 



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

edexworks
flipboard facebook twitter whatsapp