Expect shakeout in domestic aviation: Jet CEO

Kolkata: Jet Airways today said the domestic aviation industry would soon witness a shakeout, but hoped that the country's largest private airline would come out of it unscathed.
"Nobody wants to lose so much money on a continuous basis, either some airlines will close down or capacity induction will slow down. We are in a special phase and there will be a shakeout," Wolfgang Prock-Shauer, CEO of Jet Airways, said here today.
Admitting that stiff competition in the domestic market had led to a decline in the load factor in the first half of the year, he said, everybody was fighting for the whole industry load of 500 million.
06/11/06 Press Trust of India/Business Standard

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