Indian airlines may not be directly or immediately affected by the dispute. However, if Airbus loses the case against Qatar Airways, it could mar the aircraft maker’s prospects in India.
Sources privy to the development tell CNBC-TV18 that SpiceJet may raise concerns over Qatar Airway setting up a fully owned airline in the country.
SP Tulsian of sptulsian.com told CNBC-TV18 that he is bullish on the Spicejet and Qatar Airway due to the Jet-Etihad deal which will be quite positive for the stock. Further Tulsian does not expect Reliance to post better numbers than Q2 and the upstream is going to be a disappointment.