India grounds Boeing 737 MAX planes; Jet, SpiceJet shares fall

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India grounds Boeing 737 MAX planes; Jet, SpiceJet shares fall
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India is grounding U.S. planemaker Boeing Co's 737 MAX aircraft immediately...

A passenger safety instruction card of Jet Airways Boeing 737 MAX 8 plane is pictured during its induction ceremony at the Chhatrapati Shivaji International airport in Mumbai, India, June 28, 2018. Picture taken June 28, 2018. REUTERS/Abhirup Roy

"These planes will be grounded till appropriate modifications and safety measures are undertaken to ensure their safe operations," the ministry said in a Twitter postSpiceJet suspended Boeing 737 Max operations after the regulator’s decision to ground the aircraft, SpiceJet’s spokesman said on Wednesday.

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