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SpiceJet, Boeing settle related claims on grounding of 737 MAX jets

The settlement will allow the resumption of new aircraft deliveries from SpiceJet's order of 155 MAX aircraft

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Passengers at Goa airport (Photo: @aaigoaairport on Twitter)

Reuters Bengaluru
Indian budget airline SpiceJet said on Wednesday U.S. planemaker Boeing 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.

"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 https://refini.tv/3qHrOx1 to the domestic stock exchanges.

The settlement will allow

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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