Airline Alliances and Mergers

1 Airline alliances are cooperative arrangements between airlines, which may differ widely in depth and scope. Cooperation agreements usually range from those with limited cooperation, involving interline agreements or marketing arrangements, to highly integrated forms of cooperation, which may take the form of metal-neutral joint ventures. 2 Alliances play a crucial role in the global and European aviation sector. Complex and highly integrated commercial agreements have significantly shaped competition in the industry in the last decades. However, there is no...