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Carsten Spohr (Lufthansa): forecasts for carriers in the future

Accelerated mergers and acquisitions are the positive aspect of the recession

Carsten Spohr, CEO of the German carrier Lufthansa stated on August 19 that in the near future, only a dozen airlines in the US, China, the Gulf and Europe will share the market of the main international routes and added: "Europe is lagging behind consolidation. The economic crisis and the increasingly scarce financial results of companies will accelerate mergers and acquisitions. This is the unique...

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