Shares of SpiceJet rose around 6% on news reports suggesting that Qatar Airways may buy stakes in the carrier. According to a Times of India report, the stake sale transaction is likely to be concluded by March.
The no frills carrier has a market share of around 20% and its average load factors were around 75% in 2012. The airline reported a Rs 240 crore loss in September quarter against a 10 crore profit,year-on-year due to high fuel cost.
The airline's management has in the past never ruled out a stake sale possibility to a foreign investor after the government announced foreign direct investment into the sector.
SpiceJet up 6% on a likely stake sale to Qatar Air - Moneycontrol.com
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