Envious IAG Boss Congratulates Delta on Latam Move
some interesting quoutes:
Delta Air Lines shocked the aviation world with its decision to buy a 20 percent stake in Latam Airlines Group for $1.9 billion at the end of September and the repercussions of the deal are likely to rumble on for some time.
While the move will strengthen Delta’s position in South America it has thrown a spanner in the works of the Oneworld airline alliance,
IAG CEO Willie Walsh told analysts on an earnings call on Thursday, that it was a “very good strategic move” for Delta, before conceding that it meant a change in the way his airlines interact with Latam.
Even before the news of Delta’s deal broke, IAG and American had suffered a blow with their plans for the region, when a court in Chile banned their joint venture proposals.
And on Norwegian Air...
Norwegian, which was once a takeover target of IAG’s, has managed in recent months to put itself on a stronger financial footing. Although Walsh didn’t get much of the fuss about the interline agreement with JetBlue, which he dubbed “very limited”.
Complete article here:
https://finance.yahoo.com/news/envious- ... 03704.html