Kingfisher folded up and fares improved, as a result. Airlines like SpiceJet gained significantly. Valuations improved. Now that foreign airlines have been allowed to acquire up to 49 per cent in Indian carriers, SpiceJet and Kalanithi stand to benefit immensely.
SpiceJet recently informed the Bombay Stock Exchange that some investors have indeed evinced interest in the company. There was a buzz that Qatar Airways could be the unnamed investor, till that airline said it was all speculation.