20-Feb-2009 10:55 AM

SpiceJet and Virgin Blue gain ground - share wrap

Analysis

SpiceJet's shares rose as much as 6% yesterday in early trade after the airline confirmed it would consider acquisition opportunities in the Indian airline industry. SpiceJet predicts a wave of consolidation to reach the sector soon. Shares in the company closed up 2.4%.

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SpiceJet and Virgin Blue gain ground - share wrap

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