The present paper is aimed at analysing the strategic paths of airline companies, in order to understand recent trends and possible drivers. The evolution of aviation industry, boosted by external events such as globalisation and liberalisation/deregulation processes has, in fact, launched a “risiko of the skies”, that seems to have modified the traditional dichotomy between mergers and acquisitions and alliances. Therefore, the paper is focused to understand if the recent wave of corporate M&A among airlines is the first step of a concentration process dominated by this type of growing path, or, instead, it is only a cyclical phenomenon.
Fusioni, acquisizioni e alleanze nel settore del trasporto aereo passeggeri
PROFUMO, GIORGIA
2009-01-01
Abstract
The present paper is aimed at analysing the strategic paths of airline companies, in order to understand recent trends and possible drivers. The evolution of aviation industry, boosted by external events such as globalisation and liberalisation/deregulation processes has, in fact, launched a “risiko of the skies”, that seems to have modified the traditional dichotomy between mergers and acquisitions and alliances. Therefore, the paper is focused to understand if the recent wave of corporate M&A among airlines is the first step of a concentration process dominated by this type of growing path, or, instead, it is only a cyclical phenomenon.
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