Mumbai: Rakesh Jhunjhunwala, the high profile investor who recently picked up 1.4 per cent stake in Spicejet, believes Indian carriers will now reap benefits of the falling prices of aviation turbine fuel (ATF).
Industry experts, however, aren't as optimistic and point out that a 10 per cent plunge in price is unlikely to turn around fortunes of the aviation industry. Moreover, international airlines stand to benefit more since the fall in global ATF prices has been more than the price plummet witnessed by India.
On Tuesday afternoon, Jhunjhunwala told Mirrorthat he was confident the Indian aviation industry would now see better days. "As a matter of policy, I don't discuss my investments. But I am positive about the aviation industry. Falling crude prices are a positive for airline stocks in general," he said.
03/12/14 Aditya Anand/Mumbai Mirror
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Industry experts, however, aren't as optimistic and point out that a 10 per cent plunge in price is unlikely to turn around fortunes of the aviation industry. Moreover, international airlines stand to benefit more since the fall in global ATF prices has been more than the price plummet witnessed by India.
On Tuesday afternoon, Jhunjhunwala told Mirrorthat he was confident the Indian aviation industry would now see better days. "As a matter of policy, I don't discuss my investments. But I am positive about the aviation industry. Falling crude prices are a positive for airline stocks in general," he said.
03/12/14 Aditya Anand/Mumbai Mirror
