The SpiceJet board yesterday announced that asset management firm WL Ross & Co. will invest approximately $80 million in the New Delhi-based LCC as Kingfisher's efforts to acquire the carrier were rebuffed. "We have no doubt that SpiceJet will fulfill its promise of emerging as India's leading airline," the board said in a statement, while Wilbur Ross Jr. said his firm "believe[s] in the long-term validity of the low-cost airline model in India and that fuel prices eventually will ...

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