Aviation major Spicejet and Jet Airways (India) fell on fears of
increased competition on Thursday after Malaysia's AirAsia said it
plans to launch a regional airline in association with the Tata
Group.Shares of Spicejet declined Rs 2.05, or 5.07%, to trade at Rs
38.40. The company lost Rs 1.23 billion in market capitalisation to
Rs 49.12 billion.
Shares of Jet Airways (India) declined Rs 14.65, or 2.51%, to
trade at Rs 568.55. The company lost Rs 1.02 billion in market
capitalisation to Rs 18.57 billion.
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