"Alongside the software and wiring changes, pilots will also need training. Besides, the approved changes have eliminated what caused these particular accidents," the FAA said.
is the sole operator -- apart from the grounded Jet Airways -- of Boeing 737 Max
planes in India with 13 aircraft in its fleet. While announcing the latest September quarter results on November 11, SpiceJet
had said that it was continuing to incur various costs related to 13 grounded Max planes.
"Despite its inability to undertake revenue operations, the company continues to incur various costs with respect to these aircraft," the airline said in a regulatory filing on Nov. 11.
Global brokerage HSBC, in a recent report dated November 17, had upgraded the stock to 'Buy' from 'Hold' with a revised target price of Rs 80 from Rs 26.5.
"Once 737 Max returns to operations, SpiceJet could start receiving incentives as part of the sales and lease back agreement... Although it is difficult to speculate, its recent deal to lease two A330 gives us some confidence. Boeing might also provide support as SpiceJet’s survival is crucial for Boeing to have a continued presence in India," it said in the report.
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