European Airlines Set For Consolidation

Europe’s airline market is ripe for consolidation, believes Nico Buccholz, EVP of fleet management at Lufthansa German Airlines, because of saturation in the market.

Europe’s airline market is ripe for consolidation, believes Nico Buccholz, EVP of fleet management at Lufthansa German Airlines, because of saturation in the market.

Currently, four major airlines have 80 per cent of market share with the remainder spread among a wealth of smaller carriers and Buchholz believes that even with future consolidation, the market will be under the influence of considerable competition.

Speaking at the ISTAT Americas event on Monday (March 9), Buchholz confirmed that he believes many national airlines are starting to realise that their model is not viable, making them more willing to accept buyouts or mergers.

TAGS: Europe
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