Aviation biz to enter consolidation zone in ’07

The entry of big corporate houses, such as the Tata group and the Reliance-ADA group as financial investors and global private equity players like US-based Texas Pacific Group, into the Indian aviation business may well expedite the consolidation in the industry leading to mergers and acquisitions in 2007.

In a year when a strong national carrier — with merged domestic and international operations — will play out in the market, passenger yields for domestic carriers are expected to improve, with air fares heading northwards. For the industry, this means cut-down in losses, expected to be in the range of Rs 2,500 crore for the current financial year.

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