Apurva Shah positive on aviation space

Apurva Shah, Head Investment Research, BNP Paribas Asset Management is positive on aviation space.

Shah told CNBC-TV18, "We have been positive on aviation for a while now and that is mainly driven by the fact that the comparative intensity in the market has been going down and we have seen a significant improvement in the pricing. So in general we have been positive on aviation. Of course the fact that FDI is going to attract investments into these companies is giving further boost to the stocks. But overall we have been positive on this segment as a turnaround play."