SpiceJet: Exploring the opportunities of Indian consolidation
SpiceJet announced in Feb-09, that it will look at opportunities to acquire other airlines as the Indian aviation market consolidates over the next 12 to 24 months. CEO, Sanjay Aggarwal, stated, “the landscape is too small for so many players.” The Indian market currently comprises five LCCs and three full service carriers. Mr Aggarwal added, “if the right opportunity is presented, SpiceJet could be a buyer.”
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