Emirsyah Satar, president & CEO of Garuda Indonesia, has warned that the slowdown being experience in emerging economies and low-cost carriers adding capacity at a rapid pace, risks overcapacity in the global aviation sector leading to further consolidation. “I think what’s going to happen is there’s going to be a consolidation. You see it with airlines in Indonesia, some of them are already closing their routes – they will be consolidated. The market will react,” Satar told CNBC. Satar also commented on the damage being caused by the weak local currencies for airlines. The rupiah has lost 16% against the

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