Thanks for your opinion…I feel that the indian aviation space is very exciting now and fares will stay high…There is an issue with airbus neo engines that are being forced to go through new checks so this has and will keep a lot of planes out of action…Luckily for Spicejet it doesnt seem to have Airbus only Boeing and Dash etc.
Also I think Spicejet comcentrates a lot on the more secondary and tertiary cities so will tap nicely the lower middle class travel…
Its a risk at this price but I think the shares have chance to go much higher especially with the oil price weakness .
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