India set to clear Boeing 737 MAX to fly again soon -report - Reuters

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A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, U.S. June 29, 2020. REUTERS/Karen Ducey

Aug 12 (Reuters) - India is set to allow Boeing Co's (BA.N) 737 MAX jets to resume flights in the country within days, Bloomberg News reported on Thursday, citing a person familiar with the matter.

The country has been satisfied with the plane's performance since it was un-grounded in the United States, Europe and a number of other markets, and Boeing has met India's own requirements, which included setting up a MAX simulator, according to the report.

Boeing said in a statement it continues to work with global regulators to safely return the 737-8 MAX and 737-9 MAX to service worldwide, and deferred the timeline to India's air safety regulator.

If the U.S. plane manufacturer gets the go-ahead in India it would end a nearly two-and-a-half-year regulatory grounding of the model in a key travel market.

India's SpiceJet Ltd (SPJT.NS) has more than 100 737 MAX planes on firm order.

India's second-largest airline by market share, SpiceJet currently has 13 737 MAX planes grounded and is in talks with Boeing for compensation towards costs and losses it has suffered.

SpiceJet and India's civil aviation ministry did not immediately respond to requests for comment.

Shares in the budget carrier ended the day 5% higher.

About 30 airlines and 175 countries have allowed the 737 MAX to return to service following a nearly two-year safety ban.

The ban followed two crashes five months apart which killed 346 people, plunging Boeing into a financial crisis since compounded by the pandemic.

India and China, where Boeing conducted a test flight of the 737 MAX plane on Thursday, are the only two major markets where regulators are yet to give the MAX the go-ahead. read more

Reporting by Aishwarya Nair in Bengaluru and Aditi Shah in New Delhi; editing by Shounak Dasgupta and Jason Neely

Our Standards: The Thomson Reuters Trust Principles.

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India set to clear Boeing 737 MAX to fly again soon -report - Reuters
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