May 12 - India is set to allow Boeing Co's 737 MAX jets to resume their flight in the country within days, Bloomberg News reported on Thursday citing a source 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 https: bloom.bg 3 fYInyy.
Boeing said in a statement it continues to work with Indian regulators to safely return the 737 - 8 MAX and 737 - 9 MAX to service worldwide and deferred the timeline to global air safety regulators.
If the U.S. plane manufacturer gets the go-ahead in India it would end a nearly two-and-a-half year regulatory grounding for the model in a key travel market.
India's SpiceJet Ltd has more than 100 737 MAX plane orders 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 regarding compensation against costs and losses suffered.
SpiceJet and India's civil aviation ministry have not immediately responded to requests for comment.
Shares in the budget industry ended 5% higher the day.
About 30 airlines and 175 countries has allowed the 737 MAX to return to service after a nearly two-year safety ban.
The ban followed two crashes five months apart that killed 346 people and was 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.