Airlines Turbulence: SpiceJet’s successful QIP could prevent a potential duopoly, and keep airfares in check

SpiceJet's oversubscribed QIP, supported by prominent investors like Goldman Sachs, Morgan Stanley Asia, BNP Paribas Financial Markets, and Nomura Singapore Limited, underscores market confidence in the airline’s ability to preserve competition. As India’s aviation industry faces consolidation, this infusion of fresh capital into SpiceJet ensures that consumer choice remains intact and airfares stay competitive.