WebSify
Follow us on
Mail
Print

Airline shares fall on AirAsia entry concerns

Source : REUTERS
Last Updated: Tue, Mar 26, 2013 09:28 hrs
New Malaysian AirAsia X's Airbus A330-300 sits on the tarmac during its inaugural ceremony at the airport in Sepang

Shares in Jet Airways India fall nearly 3 percent and SpiceJet Ltd shares drop 3.4 percent after India's Foreign Investment Promotion Board (FIPB) approves AirAsia Bhd's proposal to set up a joint venture in India, raising concerns about increased competition.

Shares also fall after Airports Authority of India says it will form a joint venture with local airlines and oil companies to supply jet fuel, expecting to reduce airlines' fuel costs by at least 10 percent.


blog comments powered by Disqus
most popular on facebook
talking point on sify finance