IATA says airline industry needs international consolidation

Giovanni Bisignani, CEO of the International Air Transport Association, called for limits on foreign ownership of airlines to be lifted, stressing that international consolidation is essential for the industry. "In regions, we have been quite successful. You have seen that in Europe and the United States with Delta that it is working. What we need is more trans-Atlantic consolidation, a big American carrier with a big European carrier," Bisignani said.

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