Thursday, September 7, 2006
In Tuesday’s Wall St. Journal, there was an excellent front page article by Daniel Michaels entitled "Behind Easing of Airline Rules, KLM’s 20-Year Urge to Merge."
According to the article: "KLM’s long and winding search [for a merger partner] shows how the international airline industry, unlike so many other global businesses, has been resistant to consolidation, despite its inefficiencies. At the same time, KLM has also demonstrated what the future might look like. With each foiled merger attempt, KLM helped rewrite aviation laws, sparked the creation of global alliances and began breaking down national barriers. Many innovations in air travel stem from its experiments."
The International Aviation Law Institute and the Chicago Council on Global Affairs (formerly the Chicago Council on Foreign Relations) will host an invitation-only conference on Thursday, October 19, 2006 that will address this important objective of removing global regulatory barriers to consolidation. The 2006 Aviation Leadership Summit, chaired by United Airlines’ CEO Glenn Tilton, will provide industry leaders and senior policy makers with an opportunity to engage in a dialogue on consolidation and other critical issues transforming the industry.
The conference, entitled "Sustainable Aviation Policies for America and the World," will build on the success of the inaugural Aviation Summit in April 2005 by delving further into a discussion of regulatory and market innovations that may give new life to the industry and propel economies forward in developed and emerging regions. With air transport issues gaining traction in multilateral and bilateral trade negotiations around the world, we hope that the industry’s decision makers can come together and set forth recommendations for the revitalization of global aviation.