Aviation is a very difficult industry: Paras Adenwala, Capital Portfolio Advisors

In a chat ET Now, Paras Adenwala, MD & Principal Portfolio Manager, Capital Portfolio Advisors, gives his views on aviation sector.

ET Now: What is your call on aviation?

Paras Adenwala: Aviation is a very difficult industry as we have seen in the past and that is not only in India but globally. There are more airlines that are suffering losses than those making gains and profits. Therefore, it is an industry, which is at best characterised for trading, rather than for investment. So, currently Jet and SpiceJet or may be Indigo are having a field day because of the problems in Kingfisher. So I would attribute this change in fundamentals due to the problems of Kingfisher rather than a significant change in the actual fundamentals of the aviation industry.