SpiceJet rises on Bravia buy-in speculation

SpiceJet’s shares surged 5.7% on Friday following reports the previous day that US investment fund, Bravia Capital Partners, has proposed to invest USD40 million in India's second largest LCC.

Bravia is the latest in a string of potential investors linked to the airline. See related report: Indian LCC Wrap: Air India Express; GoAir; IndiGo; Kingfisher Red; Jet Lite and SpiceJet

Elsewhere, Tiger Airways’ shares rose 1.7% on Friday, Japan’s Skymark advanced 0.8%, and AirAsia was flat.

Selected LCCs daily share price movements (% change): 30-Apr-2010