15 AUGUST 2011
BTN also goes out by email every Sunday night at midnight (UK time). To view this edition click here.
The Business Travel News
PO Box 758
Edgware HA8 4QF
+44 (0)20 8952 8383
© 2019 Business Travel News Ltd.
Star Alliance and Air India have made a joint statement which affirms that the integration of India’s national airline into the multi-carrier grouping has been suspended. Essentially this is due to the fact that Air India has not met the minimum joining conditions that were contractually agreed in December 2007 and highlights the serious financial position that the Indian national airline finds itself. At present it is in the middle of (yet another) financial restructuring plan, due to be completed within three months.
Star Alliance CEO, Jaan Albrecht, said: “With the collective decision to put the integration efforts on hold today we aim to contribute to Air India’s flexibility to concentrate on its ongoing strategic reorientation. In this process our member carriers will continue to provide assistance to Air India wherever required.”
Existing bilateral relationships with Star Alliance member airlines are not affected by this decision, which also leaves room to discuss a potential Alliance membership at a future stage, if deemed appropriate by both parties. www.staralliance.com www.airindia.com
All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum
No one has commented yet, why don't you start the ball rolling?