Kingfisher, Spicejet, Jet Airways lead Indian airlines down. Virgin Blue still under pressure

Conditions in the Indian market continue to weigh heavily on share prices for Kingfisher, Spicejet and Jet Airways. Kingfisher is currently preoccupied in seeking to place aircraft with other airlines, as its ambitious order book sees new deliveries. Jet too is attempting ot place some of its excess capacity offshore in a difficult seller's market. Things are unlikely to improve greatly as a national election looms in India, typically a time when business activity slows.