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SpiceJet performs in changing Indian market. Chinese airlines lose momentum as restructuring begins

Analysis

US counter-cyclical investor, WL Ross, looks to be on a winner as India's Spicejet (+11.4% on Friday) projects a profitable future and begins hiring new pilots, with a 20% increase in frequency by the end of the financial year. Lower fuel prices and Indian taxes have created a better environment, as other airlines cut back and consolidate.

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