20-May-2010 11:19 AM
Asia Pacific LCCs finding the going tough in international markets
Analysis
Asia Pacific LCC stocks dropped back yesterday, led downwards by SpiceJet, which reportedly stated it has been unable to proceed with plans to raise USD75 million to support its international expansion, due to differences in valuations of the carrier. Live Mint reports up to six financial groups have submitted term sheets to invest in the carrier, but no agreements have been reached.
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