Airline alliances prove their worth
Saturday, 19 June 2010 00:00
"The major airline alliances -- Star Alliance, SkyTeam and Oneworld -- are proving their worth as carriers cope with troubled times and target China, one of the fastest growing travel markets.The three partnerships, originally set up around the key Transatlantic routes, now count some 50 companies in all, carrying millions of passengers and operating thousands of flights daily across 180 countries.
"Over the last decade, the alliance system has developed into a critical component of the industry," said Giovanni Bisignani, head of the International Air Transport Association (IATA).
"Today, alliances cover over half of global travel," Bisignani said, recalling how they were first set up to get around restrictions on an airline industry which is based on national jurisdictions."
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