Saved by the bell became a fresh lease of life for the India story today again at a mid high going nowhere watermark for the Nifty at 5550. Jet Airways report found on the Dow Jones Newswires posted 26% higher nos. for passengers flown in May to 2.02 million passengers, a creditable number for the embattled airline. the legal penalties finally out of the way for Jet, it can concentrate on regaining market share if it can invent another few market making strategies in a upscale market waiting to reward higher quality and good business.

Kingfisher also reported higher requirements for aircraft pending its 120 deliveries starting 2012, goign for an expensive leasing option to cater to summer traffic in ano otherwise struggling 2011 with banks and Autos looking increasingly anemic in  consumer perception for current business volume and the rate high coming up before the ECB meeting next week tries to even up things in the Continent.

Spicejet is the other airline likely to report healthy numbers flown in May 2011. A likely 5 million passengers flown in May means FY 2012 is looking at 60 million passengers in full Service Airlines and another similar number in their poorer cousins also struggling to stay afloat albeit hit by discount wars of their own. Economic challenges notwithstanding, business is looking up with consumer spending keeping up with inflation currently

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