SpiceJet falls sharply on Q400 order and continued intervention in the market

India’s SpiceJet slumped 8.6% in trade yesterday after the LCC announced it had placed a USD446 million order with Bombardier for 15 Q400 NextGen regional aircraft. SpiceJet also took options on another 15 Q400s, which could increase the deal to USD915 million if converted. Government intervention in the Indian market is also weighing on airline shares in the region.

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