NYTimes.com: Seeing Oil Bubble, a Contrarian Bets on an Indian Airline

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BUSINESS / WORLD BUSINESS | July 16, 2008
Seeing Oil Bubble, a Contrarian Bets on an Indian Airline
By HEATHER TIMMONS
By investing $80 million in the flailing Indian airline SpiceJet, Wilbur L. Ross Jr. is betting that high oil prices have hit bubble territory, a bubble that should pop in the next 12 months.

http://www.nytimes.com/2008/07/16/business/worldbusiness/16jet.html?ex=1216872000&en=588df5b334197495&ei=5070&emc=eta1




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