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Wilbur Ross to invest $80 mn in SpiceJet

Source: Fresh News 		Please rate this news

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    Mumbai, July 15 (IANS) American billionaire investor Wilbur Ross, known for turning around bankrupt companies, will invest $80 million (Rs.3.45 billion) in the Gurgaon-based low cost carrier SpiceJet, it was announced Tuesday. “We believe in the long-term validity of the low-cost airline model in India and that fuel prices eventually will stabilise,” Ross said in a [...] ... read more »
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