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Indian airline bleeds after grounding of Boeing 737 Max

Posted On: Nov. 15, 2019 4:58 AM CST


Indian low-cost airline SpiceJet Ltd.'s loss widened nearly 19% year-over-year in the fiscal second quarter ended Sep. 30 due to grounding of its Boeing 737 Max aircraft since March, The Times of India reports. The airline has initiated the process of seeking damages from U.S.-based aerospace firm The Boeing Co.

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