A top executive at Lion Air, Indonesia’s largest domestic carrier, predicts a massive shake-out will leave the country’s airline industry with only four airline groups in six or seven years. The other carriers will be forced either to merge or close, Lion Air President Director Rusdi Kirana said from Singapore, where he was helping promote last week’s launch of Lion Air’s Singapore-Surabaya service. Today, there are more than 20 scheduled airlines in Indonesia. In addition to Lion Air, ...

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