Money on the markets
A maturing market amid the mayhem
Private airline operators had on Friday announced they would suspend operations on August 18 to protest the lack of government relief for the ailing industry.
India’s airlines suffered a cumulative $2 billion of losses in 2008/09 on high operating costs and a fall in demand amid a global slowdown.
Shares in Kingfisher dropped 2.3 percent, Spicejet ended down 1.3 percent while Jet Airways fell 2.37 percent.