European Parliament stated (17-Jun-2010) it regrets continuing US restrictions on EU companies' ownership of stakes in US airlines, stating the regulations are "unbalanced". It passed a resolution calling for better protection of air passengers' personal data and stated airlines from both sides of the Atlantic should be included in emission trading rules. MEPs asked the European Commission to start the third-stage of EU-US open skies negotiations, with a view to completing them by 31-Dec-2013. The negotiations should be conducted with a view to including further liberalisation of traffic rights, additional foreign investment opportunities, environmental and infrastructure constraints on the exercise of traffic rights and better co-ordination of passenger rights policies "in order to ensure the highest possible level of protection for passengers". [more]
European Parliament calls for EU-US open skies progress
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Greater cooperation between Lufthansa and Etihad reflects their local and global challenges growing in quantity and complexity. Contact between the two has led to speculation that the partnership could radically expand to include an equity tie up, with rumoured merger talks.
Their initial Dec-2016 codeshare announcement was, in practical terms, small but showed the possibility, as they stated, to expand cooperation. However, it would be a leap to go from their handful of codeshares to a 17-Jan-2017 article from Italian daily newspaper Il Messaggero that Etihad could invest in Lufthansa on the way to a possible merger between the two. A subsequent denial in a Reuters story that "A financial stake is out of the question at the moment", does little to dispel the rumour. Were it not for the last three words of that statement the rumour would lack credibility.
There is certainly logic for a deeper partnership - and the two have danced this waltz before. Equity involvement from airlines can cement partnerships, add to board influence and partially allow one side to gain financially from any matter it feels it is compromising away. Nevertheless, there are obstacles to a full blown merger, and even to Etihad's taking a 30% to 40% stake. A marriage between the new bedfellows does not seem an immediate prospect. Nonetheless the logic is there for a move; and the mere fact of a potential move is sufficient to rock the equilibrium.