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FlightGlobal

ROUTES: Industry calls for Europe to ease ownership rules

ROUTES: Industry calls for Europe to ease ownership rules

  • abril 25, 2016
  • min read

FlightGlobal

ROUTES: Industry calls for Europe to ease ownership rules

Lift the cap on foreign ownership and control of airlines to facilitate industry restructuring, panelists urged during a Routes Europe debate on the needs of the continent's air transport sector. The discussion also highlighted uncertainty about the economic cycle and about the implications of the UK's Brexit referendum. Bain & Company partner Geoffrey Weston offered his take on the economic climate, noting, "For most airlines, this is as good as it gets." With yields coming down, he asserts, "It's just hard to see if you've got no more oomph left in your fuel hedging, where you're going to be making more profit."