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French and Germany pressure may force IAG to spin off British Airways
British Airways’ (BA) parent company IAG could be forced to spin off BA as Germany and France might push to reinstate EU ownership rules. According to HSBC analysts, IAG – who owns the likes of Aer Lingus, Iberia and Vueling – might be forced to make BA a truly independent company as regulations require airlines that operate within the bloc to be “owned and controlled” by EU companies, the Telegraph reported. (www.cityam.com) Mais...Sort type: [Top] [Newest]
Well obviously yes. But surely you're not trying to suggest that FR and DE are the only countries in the world who try to aggressively use rules to protect their own airlines or manufacturers. Every country is doing it and have been doing so as long as I can remember, and I've been around since the 50's.
Moaning about EU countries trying to get some commercial advantage out of the UK's unwise decision to leave the club is never going to get a sympathetic audience, especially as many in the UK want to use Brexit to do exactly that: gain a commercial advantage over the EU.
Moaning about EU countries trying to get some commercial advantage out of the UK's unwise decision to leave the club is never going to get a sympathetic audience, especially as many in the UK want to use Brexit to do exactly that: gain a commercial advantage over the EU.
*caution - "slightly political" spoiler alert"
This will keep the "Remoaners" happy - *IF* reported accurately. I still sense a modicum of sour grapes from the Franco-German "Maginot Airlines" consortia. Having voted to remain when the UK voted in 2016 on continued membership of the EU, I accept the democratic decision of the UK electorate.
As always, every country will seek to make the best of every situation in which it finds itself. That's just national sovereignty at work.
This will keep the "Remoaners" happy - *IF* reported accurately. I still sense a modicum of sour grapes from the Franco-German "Maginot Airlines" consortia. Having voted to remain when the UK voted in 2016 on continued membership of the EU, I accept the democratic decision of the UK electorate.
As always, every country will seek to make the best of every situation in which it finds itself. That's just national sovereignty at work.
Nailed it !
Those commenting taboutat various non-EU airlines flying into the EU are missing the point, which about flying *within* the EU. eg Vueling flying from BCN to AMS. And of course it's about commercial advantage for LH, KLM-AF. But equally obviously, all countries use every trick they can to protect or promote their carriers, so moaning about it is just hypocritical.
American, United and Delta all operate in the EU. None have their headquarters in the EU. Either there is another provision of EU law that was not mentioned or HSBC is simply wrong. Note that France and Germany have tried to make Brexit as painful as possible for the UK in order to deter other member states from leaving. In any case, there is more to the matter than this report suggests.
Me thinks there is more than a whiff of protectionism here from LH & AF/KLM