However, SpiceJet said a consolidation is not the only option to strengthen the industry. Analysts point out that since the industry is bleeding profusely, acquisitions will also mean a transfer of huge liabilities.
The aviation sector could soon see a third round of consolidation. Experts believe that among low cost carriers, SpiceJet is most likely to go in for a merger or an acquisition. That's mainly because the airline's financial condition has improved thanks to funding by Wilbur Ross. JetLite, experts say, may be in SpiceJet's crosshairs. Something SpiceJet does not seem opposed to, in principle.
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