SpiceJet enters into settlement agreement with Boeing

spicejet

SpiceJet has entered into a settlement agreement with Boeing wherein 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, company said in its release.

This paves the way for the induction of efficient and younger MAX aircraft into SpiceJet’s fleet and ensures the resumption of new aircraft deliveries from our order of 155 MAX aircraft, it added.

SpiceJet was quoting at Rs 77.45, down Rs 0.65, or 0.83 percent on the BSE.

News Source:- MoneyControl

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