Boeing jumps after India aviation regulator finds no major safety issues

Press Information Bureau posted that India’s Directorate General of Civil Aviation held a high-level meeting with senior officials of Air India. “The recent surveillance conducted on Air India’s Boeing (BA) 787 fleet did not reveal any major safety concerns. The aircraft and associated maintenance systems were found to be compliant with existing safety standards,” the Directorate General of Civil Aviation said. Air India “was advised to strengthen internal coordination across engineering, operations, ground handling units and ensure availability of adequate spares to mitigate passenger delays resulting from such issues and strictly adhere to regulations.” Shares of Boeing jumped following the meeting and are up 1% to $266.96 in midday trading. Boeing suppliers GE Aerospace (GE) and Spirit AeroSystems (SPR) also moved higher.