Tuesday, September 18, 2012

NEWS | Spicejet better placed than Kingfisher for foreign funds

Shares of aviation companies were on the rise after the government allowed FDI in aviation. Jitendra Bhargava, Former ED, Air India is of the view that Spicejet with 18% market share is better positioned to take in foreign capital as compared to cash-strapped Kingfisher
Airlines .
Furthermore, Bhargava said that Jet Airways is not keen on infusion of foreign funds since they are market leaders. “They are well placed; they are market leaders, only a notch below Indigo as per data of July. But the reality is they are on firm footing, it all depends how much more capacity augmentation can take place in the Indian market. If the market does not expand hugely, the growth is not taking place in double-digits, Jet Airways may firm up or may consolidate. I don’t think fund is a factor for them but fund is a factor for Kingfisher and Spicejet because they need to grow fast,” he said.


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