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    The airline making money off grounded Boeing 737 MAX jets

    The post The airline making money off grounded Boeing 737 MAX jets appeared first on TD (Travel Daily Media) Travel Daily. Low-cost Airlines have a simple formula for success: fill as many seats as possible, fly as many hours as possible, and maintain a young fleet. SpiceJet, India’s budget carrier, is taking a different approach to increase revenue: it is not flying. SpiceJet Ltd has not flown any of its Boeing Co 737 MAX jets in over 27 months, following two fatal crashes operated by other airlines that resulted in a global grounding. While most other major markets, with the exception of China, have cleared the MAX to fly again,…

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    Boeing to pay USD 2.5 billion for settling fraud charge over 737 Max plane

    The post Boeing to pay USD 2.5 billion for settling fraud charge over 737 Max plane appeared first on TD (Travel Daily Media) Travel Daily. Boeing has agreed to pay USD 2.5 billion to settle criminal charges in the US centred on the troubled 737 Max. Officials argued the manufacturer hid information from safety inspectors about the design of the aircraft. The US justice department said the firm chose profit over candour, impeding oversight of the planes, which were involved in two deadly crashes. Some USD 500 million will go to families of the 346 people killed in the tragedies in Indonesia and Ethiopia. “The tragic crashes of Lion Air…