Friday, October 19, 2012
It appears that the Canadian government is considering ratification of the Convention on International Interests in Mobile Equipment and its related Aircraft Protocol (often referred to collectively as the Cape Town Convention). Canada would be the 53rd contracting party to the convention.
Thursday, October 18, 2012
Portugal has chosen Brazil's Synergy Aerospace, the majority owner of AviancaTaca, to purchase flag carrier Tap Air Portugal. Both Tap and AviancaTaca belong to the Star Alliance, simplifying that part of the deal. However, it is as of yet unclear how the parties intend to work around EU's 49% foreign ownership cap. This is yet one more example of the emerging trend toward cross-border consolidation. Restrictions on foreign ownership are looking increasingly obsolete.
Wednesday, October 17, 2012
A fairly sharp article in Reuters today recaps the recent developments involving the three prominent Gulf carriers and briefly discusses the significance of their incorporation into the alliance system. Last week, Qatar Airway joined the oneworld alliance, following Etihad's codeshare agreement with Air France-KLM and Emirates' codeshare with Qantas.
Monday, October 15, 2012