IAG CEO: Scrutiny of ownership and control laws 'risks triggering a global crisis'

IAG CEO Willie Walsh, speaking at the CAPA Airline Leader Summit, stated (18-May-2018) ownership and control regulations being revisited under more stringent Brexit laws "risks triggering a global crisis'. Mr Walsh said if someone were to challenge the ownership structure of IAG, "I'm going to start challenging others". Mr Walsh does not "seriously believe" that a country would inhibit a carrier from operating between the UK and EU based on ownership and control. He cited Cathay Pacific as an example, noting the Hong Kong based airline has a range of investors including in the UK, Qatar and Hong Kong. "We have turned a blind eye to these issues for years", he said.