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18-May-2018 4:52 AM

DVB Bank: Alliances initially envisaged joint purchasing of aircraft, but that has 'never happened'

DVB Bank SE SVP aviation financial consultancy Albert Muntane Casanova, speaking at the CAPA Airline Leader Summit, stated (17-May-2018) around 20 years ago, talks around alliances included joint purchasing of aircraft. "That has never happened", he noted, adding alliances have provided more in terms of revenue than on the cost side for airlines. Mr Casanova said while some cost savings from ground handling and shared lounges may be generated, the scale of the savings pale in comparison to potentially jointly purchasing aircraft.

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