After surging 7.49 per cent to Rs 15.20 in intra-day trade, the SpiceJet scrip finally closed at Rs 14.61, up 3.32 per cent, on the BSE.
On the volume front, 45.47 lakh shares of the company changed hands on the BSE during the day.
SpiceJet and Boeing signed an memorandum of understanding (MoU) for the deal at the inaugural day of the 4th edition of the India Aviation Conference in Hyderabad.
"The induction of Boeing 737 MAX will further modernise our fleet, improve customer experience, and ensure that we operate the most efficient fleet well into the future," he added.
The 737 MAX brings the most advanced engine technologies to the world's best-selling airplane, building on the strengths of Next-Generation 737, he said.