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Emerging Money author Jonathan Yates made a number of compelling points as to why airlines from developed nations mostly make for terrible investments. However, investors and traders alike can find a lot to like about emerging market airlines.
The rapid demise of Kingfisher Airlines continued this week as rumors abound that the Indian government will revoke the private carrier’s operating license, the Economic Times of India reports.
The Indian government gave its ailing airline industry a hand on February 7, offering a plan for the carriers to cut costs on aviation fuel. Stocks of Kingfisher Airlines, Spice Jet and Jet Airways rallied, but the savings may not be enough to end their woes.
