24 AUGUST 2015
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Unfortunately the advertised speaker, Enrique Cueto of LATAM, has had to withdraw from the forthcoming lunch at the Institute of Directors on 24 September. His replacement, another senior airline man, but of a different background, is Peter Davies, CEO of The Airline Management Group.
A fine speaker, Peter has made a speciality of turning around failing airlines – saving four airlines from extinction in Belgium, Malta, Trinidad & Tobago and the UK (Brussels Airlines, Air Malta, Caribbean Airlines and Air Southwest). Now, he is turning his reinvention talents to a new proposition for smaller carriers.
Peter points out that the global industry is made up of more than 600 airlines worldwide, most of which are smaller and generally unprofitable because they cannot achieve the cost base necessary to compete on the global stage, where low-cost airlines have transformed the economic map. Investors are more nervous than ever about ploughing new money into already struggling airlines.
A potential solution is to find a new way of managing smaller airlines to achieve economies of scale, increased reach and more effective revenue building. The Airline Management Group has been created to do for the airline industry what Hotel Management companies already do with great success for the hospitality industry. www.aviationclub.org.uk
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