IN MARCH this year, Margrethe Vestager, the powerful Danish EU Commissioner for Competition, gave a speech in Brussels which attracted only modest press coverage but which could have wideranging implications for the future ownership structure of airlines. The speech focused on the growing concentration of company ownership, and in particular cross-ownership by investment funds, something which has generated increased attention in North America and Europe. What was particularly interesting, however, was the fact that Ms Vestager specifically mentioned the airline industry in this respect.
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