Istithmar plans to raise stake in SpiceJet
Istithmar, the Dubai government's investment arm, which already owns about 13.5 per cent in low-cost airline based SpiceJet, is looking to hike its stake in SpiceJet. SpiceJet's third quarter results may be down more than 22 per cent than last year's third quarter, but international investors like Istithmar say that they want to stay invested in the airline.
