SpiceJet share price surged over 4 percent on August 27 after DGCA has lifted the ban on Boeing 737 MAX aircraft.
The Directorate General of Civil Aviation (DGCA) has lifted the ban on Boeing 737 MAX aircraft, over two years after it was grounded, as per a statement issued by the aviation sector regulator on August 26.
The rescission of ban “enables operation of Boeing company model 737-8 and Boeing company model 737-9 airplanes only upon satisfaction of applicable requirements for return to service”, the DGCA order stated.
SpiceJet has 13 Boeing Max aircraft in its fleet.
News Source:- MoneyControl