NEW DELHI : India has granted safety permission for restart of Boeing 737 Max operations in the country. Aviation regulator DGCA had suspended the aircraft's operations in March 2019 after two fatal crashes. The airline on Thursday said it has entered into a settlement with Avolon, a major lessor of Max aircraft. This will allow SpiceJet's 737 Max aircraft to return back to service. The airline expects to start operations of Max aircraft around the end of September, subject to regulatory approvals.

"This rescission enables operation of Boeing Company Model 737-8 and Boeing Company Model 737-9 airplanes only upon satisfaction of applicable requirements for return to service," the DGCA said in its order. After re-certification, the airline will be able to get 30 or more aircraft for operations. Additionally, the 737Maxs will allow the airline to retire some old fuel guzzlers, leading to higher saving margins. Currently, only SpiceJet has 737 Max in their fleet. It has 13 aircraft of this type. SpiceJet had placed an order for 225 Maxs in 2017, while it has a firm order of more than 150 of these aircraft.

As per sources, the proposal for stock market maverick Rakesh Jhunjhunwala backed upcoming airline venture - Akasa - entails the venture to operate an all Boeing 737 Max aircraft fleet.

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