14-Jun-2010 12:23 PM
New chapter for SpiceJet as Ross sells stake
Analysis
SpiceJet, India's second largest LCC, is entering a new growth chapter after US financier, Wilbur Ross, decided to exit the investment at a profit. Stepping in at the height of the oil crisis in mid-2008, Mr Ross injected cash to help stabilise the airline through the ensuing global financial crisis and it is now positioned to launch an aggressive expansion phase.
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