Aviation Intelligence Reporter – September 2008
CEOs and the Christian Virtues
Broken airport operator gets broken up
CRS Regulations – watch the screen
Airlines look at the Olympics for Inspiration: Faster, Higher, Stronger
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click hereCEOs and the Christian Virtues
The recent tragedies in both Madrid and Bishkek have again seen calls for the
resignation of the CEO of the airline. At first blush, that might seem harsh. However,
those calls must be ringing some bells of recognition for the Swiss air traffic control
organization skyguide’s General Counsel Francis Schubert. Not that it will be giving him
any comfort.
…
Broken airport operator gets broken up
It is hard, perhaps beyond human limits, to feel too much sympathy for BAA after the
Competition Commission of the UK announced this week that it was inclined to order the
break-up of the UK airport operator. Perhaps the only thing harder might be finding
anyone that has used a UK airport in the last few years that has any feelings at all apart
from anger and frustration.
…
CRS Regulations – watch the screen
It has been interesting to note that the airlines (including the big, heavy hitting ones)
have been remarkably silent in the environment debate. They have left all the heavy
work to their industry associations. Maybe why is starting to come out – the big
European airlines had other fish to fry and did not want to waste their political capital on
a hard fight that was always going to be an uphill one. Instead, it is now clear what they
were actually working on: the new CRS Regulation.
…
Airlines look at the Olympics for Inspiration: Faster, Higher, Stronger
If not the Olympic ideal then perhaps Darwin anyway – there is a growing realisation that
if only the fittest survive, now is the time to get fit. We are watching another round of
airline closures and bankruptcy, and bankers are being appointed for all sorts of creative
propositions – Virgin is looking at bmi, according to the press; Austrian is on the block
and Alitalia is, well, Alitalia is bankrupt (officially as opposed to in practice) and proving
that it is an ill wind that blows no good, brought about long needed reform to the Italian
bankruptcy rules so that it can be allowed to phoenix like rise again; BA is going through
the regulatory procedures to join with AA and to merge with Iberia and rumours abound
about almost every other airline one can think of. Good work for advisors and lawyers –
but there continues to be a major hurdle: the ownership and control rules. As ever in
aviation, regulatory risk is the deal breaker. All the fancy bankers in the world will still
need to talk with the regulatory and aero-political experts to get to the bottom of the
riddle.
…