
Audio By Carbonatix
More airlines are expected to collapse within the next few months due to the global financial crisis.Speaking with Business Day recently at Waterside, Heathrow, British Airways (BA) Chief Executive Officer, Willie Walsh therefore entreated airlines to come together to be able to survive, especially using the Air France-KLM merger as a yardstick."This is one of the reasons the BA is set to go into joint business with Iberia Airlines for trans-atlantic operations," he added.Mr. Walsh held that combining two strong brands, BA and Iberia will give passengers more seats to choose from.“I believe the airline industry needs to consolidate because when airlines merge, there is the likelihood that they will become stronger and be able to survive the crisis,” Mr Walsh stated.
Talking about the summer operation, the BA boss disclosed that major airlines did not make profit as was usual.On government giving assistance to airlines, he held that it was uncalled for as airlines have to fend for themselves and know what they are doing.“I am against government giving financial assistance to airlines; there is no need for that. If airlines consolidate, it would benefit the industry more,” he said.Amidst the financial crisis rocking businesses and markets worldwide, The CEO of BA said the Africa route has been a growing market.Mr Walsh disclosed that the airline is not doing badly on the African route, admitting however that there is room for improvement.Source: Daily Guide
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Adenta Circuit Court remands Pastor William Gyimah over viral threats against Vice President
29 minutes -
“We’ve implemented changes to prevent a repeat of the AFCON final” – CAF President Motsepe
32 minutes -
Gov’t orders deployment of Metro Mass buses to cushion commuters amid fuel price hike
1 hour -
Key Indian state polls begin in test for Modi’s party
2 hours -
Playback: Gomoa Easter Carnival in photos
2 hours -
Gov’t orders removal of fuel taxes to ease pump price hikes
2 hours -
“Whatever the decision of CAS, we will respect it” – CAF President Motsepe after AFCON final meetings in Morocco
2 hours -
Emma Ankrah: When waiting becomes part of treatment – Reflections on hospital care
2 hours -
Ghana urges travellers to prepare for new EU border system roll-out
2 hours -
Mahama enforces fuel coupon ban for ministers as cabinet moves to slash fuel taxes
2 hours -
Task force probes strange fish deaths in Tema
2 hours -
Neglected traffic lights turn Awoshie–Anyaa highway into deadly hotspot
3 hours -
EOCO declares Dr Gabriel Tanko Kwamigah-Atokple a fugitive over alleged gold fraud
3 hours -
GSE records GH¢1.09bn trade in equity market; 10 stocks register gains
3 hours -
Fuel prices: Ghana places 15th in Africa
3 hours