Nitin Raheja negative on aviation space

Nitin Raheja of AQF Advisors told CNBC-TV18, "We have been perennially negative on aviation sector, because we just do not like the whole aviation space as such. The whole economics of the business are completely skewed. It is a very high fixed overheads business, so there is not too much of space that is left and entirely competitive. So by and large we have stayed away from aviation completely."spicejet

On February 6, 2014 Jet Airways closed at Rs 234.45, up Rs 23.10, or 10.93 percent.

The share touched its 52-week high Rs 688.60 and 52-week low Rs 210.25 on 25 April, 2013 and 05 February, 2014, respectively.