Making Money (And Savings) From Alliances And Partnerships
Constrained by ownership and control rules established 70 years ago as a protectionist mechanism, in some ways the airline industry has progressed little – while technical advances have been phenomenal. As airlines cannot operate freely around the world, but need network benefits to succeed, global alliances were established as multilateral extensions of the many bilateral partnerships that existed widely. Much has changed since the Star Alliance began, to be followed by oneworld and SkyTeam. Where the global alliances have provided an umbrella for closed and immunised JVs, so also have deep bilateral partnerships across Alliance boundaries created new models. And Ultra long haul aircraft, the internet, metasearch, long haul low cost airlines and cross border equity relationships are just some of the fundamental leaders of change.The global alliances are designed to stimulate the financial reach of airlines, but they also have a role in reducing costs. Although they may be becoming peripheral to closer bilateral partnerships, there is still an important role for them – especially for their core members.
Moderator: AAPA, Director General, Andrew Herdman
- Air China, Vice President & General Manager, North America, Zhihang Chi
- DVB Bank SE, Senior Vice President Aviation Financial Consultancy, Albert Muntane Casanova
- Flybe, CEO, Christine Ourmières-Widener
- Pittsburgh International Airport, CEO, Christina Cassotis