Lion Air confirms 1H2012 IPO; Malaysian Airlines and Thai report results
Airline shares recovered on Friday, as increases in oil prices stabilised. Oil prices were up more than 10% last week, with both the Brent and West Texas Intermediate indexes hitting highs not seen since late 2008. Shares in Indian carriers were generally higher, with reports that the Indian Finance Ministry will discuss foreign direct investment in the aviation sector. Shares in SpiceJet gained 7.4%, while Jet Airways was up 4.7%.
