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British Airways CEO Sees Little To Be Excited about in the US
After the election of Barack Obama and a Democratic Party majority in the house and senate, British Airways CEO Willie Walsh sees little to be optimistic about as far as stateside operations go. Many European carriers would like to see additions to the Open Skies Agreement, which provided greater rights for foreign-owned airlines to operate within the US. Walsh is worried about Obama's support of US labor groups. "I think it's very clear Obama has taken a strong line in relation to any change in the ownership and control regulations. So at this point I would not be expecting any major progress to be made." Right now, foreign companies can have no more than a 25% share in US-based airlines. That is not likely to change, especially considering the weak state many airlines are currently in. With a rumored merger with American Airlines now seemingly out of the question, BA is focusing on partnering with AA to offer better trans-Atlantic service. Before going ahead with that, though, they must receive approval from US antitrust investigators.
[Via Airwise]
Filed under: Airlines
