11-Feb-2009 10:52 AM

SpiceJet shares soar as it touts industry consolidation - share wrap

Analysis

Indian LCC, SpiceJet, enjoyed a 14.1% increase in its share price yesterday as new CEO, Sanjay Aggarwal, declared, "there is not enough room for five low-cost carriers in India". He said consolidation is inevitable and declared his airline would participate.

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SpiceJet shares soar as it touts industry consolidation - share wrap

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