New Delhi, Nov. 20 -- Regulator FAA has cleared Boeing 737 MAX to fly again. This comes 20 months after the fleet grounded globally following two fatal crashes. Critics have said that FAA was "too close" to Boeing having an apparent conflict in interest. But that being said, the 737 MAX will be able to rejoin airline fleets as soon as it completes all the tasks in the Aircraft Maintenance Manual (AMM) regarding returning the aircraft from storage. Additionally, it will install new software to change the architecture of the Maneuvering Characteristics Augmentation System (MCAS).

The shares of budget carrier SpiceJet soared over 15% on Thursday after the Federal Aviation Administration (FAA) of the US cleared Boeing 737 Max aircraft to res...