'Aviation sector is not in shape to excite overseas players'

Chennai: Shares of media tycoon Kalanithi-Maran's companies have been rising since Friday after the government opened doors for FDI in aviation, DTH and cable industries. The Sun Group is one of the largest media houses in the country and also the owner of SpiceJet, which has an 18% market share in the country's aviation industry.
While analysts feel that the airline would be a major beneficiary of the move due to a significant market share and a relatively small balance sheet, the market was also quick to react on the day FDI in aviation was announced — shares of SpiceJet rose by 13% and Sun TV's shares went up by 8.70%.
In an interview with T E Narasimhan, Sun Group's Chief Financial Officer S L Narayanan said the recent reforms announced by the government would certainly send the right signal to the global investor community. For SpiceJet, it will be easy to access growth capital from a new class of strategic investors.
18/09/12 T E Narasimhan/Business Standard

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Categories: Foreign Sep 2012, Indian Aviation- In General Sep 2012