LONDON/ROME : Lufthansa's purchase of a minority stake in Italy's loss-making ITA Airways injects fresh momentum into a wave of consolidation in Europe's fragmented aviation market that could see more mid-tier national carriers snapped up. The German group will be judged on whether it can make the success
LONDON/ROME : Lufthansa's purchase of a minority stake in Italy's loss-making ITA Airways injects fresh momentum into a wave of consolidation in Europe's fragmented aviation market that could see more mid-tier national carriers snapped up.
Lufthansa, Air France-KLM, and British Airways owner IAG have all laid the groundwork for potential bids for TAP as the Portuguese government looks to sell it off. "The Lufthansa-ITA deal is an operation that follows the logic of the last 25 years in the aviation world in Europe, which involves increasing integration of these regional-national carriers," said Andrea Giuricin of TRA Consulting.
"They wont be able to grow as others will and therefore lose share and lose attraction and trundle on until they die," Halstead said. Pressure on European carriers in particular to use sustainable aviation fuel , which is up to five times more expensive than regular fuel, is likely to make cost-conscious consumers turn to budget carriers more often, analysts said.
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