SpiceJet stock flies high on Boeing 737 MAX return, increasing air travel

Higher passenger traffic, load factors helped the stock gain 44 per cent in November

The US Federal Aviation Administration’s (US FAA’s) green flag to fly the Boeing 737 MAX aircraft couldn’t have come at a better time for SpiceJet. The low-cost airline has been steadily trying to turn around its fortunes by banking on the cargo business, cutting costs, and deferring aircraft lease payments.

The return of the 737 MAX, say analysts, will act as a game-changer. Once the 737 MAX takes to the skies, SpiceJet should start getting incentive for every aircraft as part of the sales and lease-back agreement of its aircraft order. Since the aircraft is high on fuel-efficiency, its return