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Exit Jet Airways, says Lancelot D'Cunha

DO_NOT_USE-MoneyControl logoDO_NOT_USE-MoneyControl 09-05-2014 Money Control

Lancelot D'Cunha, CEO at ITI Wealth Management told CNBC-TV18, "This is a time to exit  because the aviation industry is a very difficult industry to compete and make funds. We are also going to see the new airline get launched within the next two-three months which is AirAsia which would put more competitive intensity in the industry and this would lead to falling margins.”

“Although as a market we may be improving for the aviation industry because of the intense competition, we are likely to see margins and profits come under pressure. So rather than remain invested in Jet Airways I would suggest to go out and may be look for companies and sectors where there is significant growth potential,” he added.

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