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Hello, I am looking for someone to write an article on The Airline Industry. It needs to be at least 2500 words.
Hello, I am looking for someone to write an article on The Airline Industry. It needs to be at least 2500 words. Government intervention is a long-term influence that affects the well-being of the industry. Many countries protect their carriers through bilateral agreements that allow access and frequency only to country-partners. IATA’s director-general, Giovanni Bisignani, said 3,500 bilateral agreements are a serious problem. http://www.iata.org/pressroom/speeches/2008-06-02-01, Nov. 28, 2008)
“We cannot fly to new markets without an international agreement,” Bisignani said. “We cannot look beyond national borders to try new ideas, grow our business, access global capital, or merge and consolidate.”
Restrictions on foreign ownership also limited the ability of airlines to raise raising equity from international capital markets. (2) There has been slow progress in liberalization, nonetheless. In the European Union, Lufthansa of Germany recently moved to take over BMI, a British carrier (The Economist, Freedoms call, Oct 30, 2008,
). IATA cited consolidation success stories. Other examples were LH/Swissair. AF/KLM. JAL with JAS, Air India and Indian Airlines, Air France-KLM or Lufthansa/SWISS, BA’s franchise in South Africa, LAN across Latin America, or the many Virgins: Atlantic, Nigeria, Blue, and America. Also, examples of success stories are Ryanair and Easyjet in Europe or Tiger and Jetstar in Asia. (http://www.iata.org/pressroom/speeches/2008-06-02-01
Loizos Heracleous, et al (Flying .High in a Competitive Industry, p. 10, 11) noted that by the end of 2000, restrictions on foreign ownership were lifted in only 62 carriers although 190 countries had committed themselves to privatization a decade earlier. . Malaysia and New Zealand even bought back their national airlines. . .
