India's SpiceJet hits over 2-mth high on Boeing 737 MAX update

US Aerospace

23/11/2021 07:42

** Shares of low-cost airline  SPJT.NS  rise as much as 3.7%
to 81.40 rupees - hit more than 2-month high
    ** A SpiceJet executive said on Tuesday that compensation
from Boeing  BA.N  for the grounded MAX planes will be in cash
and in the form of aircraft  urn:newsml:reuters.com:*:nFWN2SE0GS
    ** Expect the few legal cases against the company to be
taken back as part of settlement talks with creditors - SPJT
exec
    ** SpiceJet, Boeing's biggest customer in India for the MAX
aircraft, now expects to take deliveries and induct 50 Boeing
MAX planes over the next two years
    ** Last week, SpiceJet had entered an agreement wherein the
U.S. aerospace firm agreed to settle outstanding claims related
to the grounding and return to service of its 737 MAX aircraft
 urn:newsml:reuters.com:*:nL4N2S80V4
    ** More than 16.8 mln shares traded, 3.3 times their 30-day
moving average
    ** Despite session's gains, SPJT stock is still down over
14% for the year
    

 (Reporting by Shivani Singh in Bengaluru)
 ((ShivaniSingh1@thomsonreuters.com; +91 89 6969 2349))