Airways – SpiceJet: India Taps Indebted Jet Airways’s Rivals to Take Over Planes

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Singh, who is credited with turning around SpiceJet from the verge of closure in 2015, and rivals including IndiGo are potential beneficiaries of Jet grounding most of its fleet. SpiceJet surged 16.4 percent, its biggest gain in 10 months, in Mumbai on Wednesday, while InterGlobe Aviation Ltd., which runs IndiGo, jumped 7.3 percent.

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