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SpiceJet’s shares surged 5.7% on Friday following reports the previous day that US investment fund, Bravia Capital Partners, has proposed to invest USD40 million in India's second largest LCC.
Bravia is the latest in a string of potential investors linked to the airline. See related report: Indian LCC Wrap: Air India Express; GoAir; IndiGo; Kingfisher Red; Jet Lite and SpiceJet
Elsewhere, Tiger Airways’ shares rose 1.7% on Friday, Japan’s Skymark advanced 0.8%, and AirAsia was flat.
Selected LCCs daily share price movements (% change): 30-Apr-2010
Source: Centre for Asia Pacific Aviation & Yahoo! Finance