Istithmar sells stake in Indian carrier SpiceJet

06 February 2010

Indian budget carrier, SpiceJet's director Ajay Singh has said that Istithmar World, a unit of Dubai World, has sold its 13% stake in the airline, Bloomberg has reported. Istithmar shall continue to hold some bonds issued by the airline, he noted. No comment has been taken yet from Istithmar during the weekend holiday in Dubai.

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