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SpiceJet extends rally, soars 14% as Boeing 737 Max gets US FAA clearance

SpiceJet is the sole operator -- apart from the grounded Jet Airways -- of Boeing 737 Max planes in India with 13 aircraft in its fleet

SpiceJet has rallied 38 per cent in the past 4 days
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SpiceJet has rallied 38 per cent in the past 4 days

SI Reporter New Delhi
Shares of budget airline SpiceJet soared as much as 13.6 per cent to hit a high of Rs 75.4 on the BSE on Thursday after the US Federal Aviation Administration gave green-signal to fly Boeing 737 Max aircraft after two-years of grounding. 

At 9:54 am, the stock was ruling 10 per cent higher at Rs 73 on the BSE, as 0.08 per cent dip in the benchmark S&P BSE Sensex index at 44,146. With today's rally, the stock of the airline has surged 38.4 per cent on the BSE compared with 1.6 per cent gain in the Sensex index in the