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ICICI Securities Report
Indian regulator Directorate General of Civil Aviation has allowed the operation of Boeing MAX aircraft to resume services in India upon satisfaction of applicable requirements for return to service.
Among Indian airlines, SpiceJet Ltd. had taken 13 MAX deliveries before flying restrictions were laid on the aircraft.
SpiceJet also has an existing order of 129 MAX aircraft. SpiceJet expects to start operations of MAX aircraft around the end of September 2021, subject to regulatory approvals.
There are also media articles suggesting a possible new airline operator planning foray into Indian skies with MAX aircraft.
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