Dubai debt crisis may have impact on SpiceJet

Istithmar, the private-equity arm of the Government of Dubai, invested USD 12.5 million dollars in SpiceJet in the early 2005 reports CNBC-TV18’s Sonia Shenoy. The street is having some concerns about Istithmar liquidating of this particular stake.
We have spoke to a whole host of analyst who track SpieJet very closely and they said that this is purely a sentimental impact. One needs to wait and watch what kind of impact this would have -- indeed of course SpiceJet is looking to raise money. So that maybe a bit of a concern going forward. But of course then that concern lies with every company that would have exposure to the UAE. It is too early to predict at this point in time that is what some of the analyst have really told us.
27/11/09 CNBC-TV18/Moneycontrol.com

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Categories: Foreign Nov 2009, spicejet Nov 2009