MAX Okayed For Indian Airlines, Advantage SpiceJet? ICICI Securities' Take
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.