Welcoming the latest development in the Indian aviation space, Sharan Lillaney, analyst, Angel Broking says the Jet-Etihad deal will benefit other aviation players too. The valuations of the deal, according to Lillaney, will become a base for others to follow.
"For that matter, (even) SpiceJet , Indigo, GoAir will all get this kind of valuations if somebody is interested to invest in these companies," adds Lillaney in an interview to CNBC-TV18.
Jet Airways today finalised the deal with Etihad and will sell a minority stake to the Abu-Dhabi based carrier for Rs 2060 crore. Jet will sell 27.3 million shares at Rs 754.74 each on a preferential basis to Etihad.
For investors interested to allocate their funds in the aviation space, Lillaney recommends SpiceJet as a potential performer stock.
24/04/13 Moneycontrol.com
