Details

Autor(en) / Beteiligte

• Dunn, Graham
• Hardee, Howard

Titel

Slow routes to airline consolidation

Ist Teil von

• Airline Business, 2023-03, Vol.39 (1), p.8-9

Ort / Verlag

London: DVV Media International Ltd

Erscheinungsjahr

2023

Quelle

Nexis Uni

Beschreibungen/Notizen

• It is not without reason that the airline industry is one of the least consolidated sectors globally. Regular competition issues are compounded by the inherently international nature of the business, which for a majority of operators involves connecting cities in different countries, even if the consolidation itself is not cross-border. Indeed, as the US Department of Justice intervention in March over JetBlue's move for ultra-low cost carrier Spirit Airlines illustrates, even domestic mergers are far from straight forward. In recent weeks, Korean Air ticked another overseas regulatory approval off the list after the UK became the 11th authority to clear its planned merger with fellow South Korean operator Asiana Airlines, while IAG agreed a new deal to acquire full control of Spanish operator Air Europa. Both deals are still winding through the approvals process, which underlines why consolidation largely still remains at the fringes of the airline industry.