June 29, 2012
Moldova to Join European Common Aviation Market
Earlier this week, the European Union and the Republic of Moldova signed an air services agreement that will gradually incorporate Moldova into the European Common Aviation Market. Moldova will have to harmonize its aviation rules with European standards. The agreement will remove restrictions on prices, frequencies or destination airports for flights between Moldova and EU Member States.
June 28, 2012
WSJ Article on Cross-Border Mergers
Readers might be interested in an article from today's Wall Street Journal discussing attempts by airlines to work around legal restrictions on international mergers. On a related note, the Journal also has a story on Emirates' potential interest in investing in one of India's struggling carriers.
June 26, 2012
United Chief Wouldn't Oppose US Air/AMR Merger
United CEO Jeff Smisek indicated that he would raise no objections to a much-discussed potential tie-up between US Airways and American. Smisek's willingness to support a move that could potentially strengthen a rival and cost United a Star Alliance partner suggests a strong conviction that the industry will benefit from further consolidation.
June 25, 2012
LAN/TAM Merger Complete
The long-in-the-works merger between Chile's LAN airlines and Brazil's TAM is finally complete. The new company, which will operate under the name Latam, has yet to decide whether it will remain in Oneworld or Star.