Jet Airways, SpiceJet in stake sale talks
Agencies: New Delhi, Nov 26 2012, 12:10 IST
but its absurd given so much government interference in this sector, said Vivek Mahajan, head of research at brokerage Aditya Birla Money.
Heavy competition is driven in part by government-subsidised losses at state-owned Air India. However, competition has eased somewhat and airfares have risen due to the decline in cash-and-debt strapped Kingfisher Airlines, the former No. 2 operator which has not flown since the start of October.
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