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INDIAN (B)

INDIAN (B)

SpiceJet to lease some of Jet's grounded planes

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SpiceJet Ltd could benefit from cash-strapped Jet Airways being forced to ground planes. The low-cost carrier is in talks with lessors to lease some of those aircraft. Shares of SpiceJet rose as much as 7.2 % in their biggest percentage gain since Dec 18 as investors bet the airline could take advantage of Jet Airways’ woes.



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