Mumbai: In a recent report, HSBC upgraded Spicejet and Jet Airways to 'Overweight' and 'Neutral', respectively.
Spicejet has been the biggest beneficiary of the curtailed operations of Kingfisher Airlines. It is also better placed to attract FDI, according to the report.
"With fuel prices trending down and the FDI decision awaiting approval, the good news cycle is likely to continue. With new international route rights, permission to directly import jet fuel, better placement in attracting FDI, and a stronger equity support, Spicejet is well-placed in our view," the report said.
12/05/12 Economic Times
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