 "Airline shares fall on AirAsia entry concerns")
Shares in Jet Airways India fall nearly 3 percent and SpiceJet Ltd shares drop 3.4 percent after India's Foreign Investment Promotion Board (FIPB) approves AirAsia Bhd's proposal to set up a joint venture in India, raising concerns about increased competition.
Shares also fall after Airports Authority of India says it will form a joint venture with local airlines and oil companies to supply jet fuel, expecting to reduce airlines' fuel costs by at least 10 percent.
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