Indian airlines and AirAsia shares up; Air NZ yields improve; key Tiger investors sell shares

Shares in Indian airlines were up strongly yesterday, as India's benchmark stock index rose to a 30-month high as slowing food inflation fueled speculation the monsoon will boost crop output and buoy economic growth. The carriers' share price gains were boosted by reiterations by Civil Aviation Minister, Praful Patel, that the Government is examining a plan to allow foreign carriers to invest in local companies.