Bloomberg News

Airlines Face Consolidation, Boeing’s McNerney Tells Australian

December 29, 2011

Dec. 30 (Bloomberg) -- The restructuring of the global aviation industry is one of the biggest challenges facing airlines over the next decade, said Boeing Co. Chief Executive Officer Jim McNerney, according to the Australian newspaper.

The changes will lead to increasingly larger combinations of carriers sharing the market with smaller niche players, while airlines in the middle will be caught out, McNerney said in an interview with the newspaper at Boeing’s Sydney offices.

To contact the reporter on this story: Jacob Greber in Sydney at jgreber@bloomberg.net

To contact the editor responsible for this story: Brendan Murray at brmurray@bloomberg.net


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