India’s SpiceJet, Boeing settle 737 MAX-related claims

A SpiceJet passenger Boeing 737-800 aircraft takes off from Sardar Vallabhbhai Patel international airport in Ahmedabad, India May 19, 2016. REUTERS/Amit Dave/File Photo

BENGALURU, Nov 17 (Infoday) – Indian budget airline SpiceJet (SPJT.NS) said on Wednesday U.S. planemaker Boeing (BA.N) had agreed to settle the outstanding claims related to the grounding of its 737 MAX aircraft.

The announcement from the country’s second-largest airline comes a day after billionaire investor Rakesh Jhunjhunwala-backed Akasa Air placed an order for 72 Boeing 737 MAX jets valued at nearly $9 billion at list prices. read more

“Boeing has agreed to provide certain accommodations and settle the outstanding claims related to the grounding of 737 MAX aircraft and its return to service,” SpiceJet said in a filing to the domestic stock exchanges.

The settlement will allow the resumption of new aircraft deliveries from SpiceJet’s order of 155 MAX aircraft, the airline said, adding that it will also pave the way for inducing “efficient and younger MAX aircraft” into its fleet.

SpiceJet is Boeing’s biggest customer in the South Asian nation for the MAX planes.

India’s air safety regulator had cleared in August the 737 MAX aircraft to fly after a near two-and-a-half-year regulatory grounding following two fatal crashes in 2019.

SpiceJet shares were trading down 2.1% as of 0355 GMT in a weak Mumbai market

Reporting by Anuron Kumar Mitra in Bengaluru; Editing by Sherry Jacob-Phillips and Uttaresh.V

Our Standards: The Thomson Infoday Trust Principles.

What do you think?

Leave a Reply

Your email address will not be published. Required fields are marked *

Singer Britney Spears poses at the 29th Annual GLAAD Media Awards in Beverly Hills, California, U.S., April12, 2018. REUTERS/Mario Anzuoni

Britney Spears delighted to regain ‘keys to my car’ after freedom ruling


Paypal Loses AMC Theaters Throne, Bitpay Will Support Shiba Inu Payments