Status quo in the skies - to be able to operate better in the global market, European airlines are hoping for help from politicians.

Currently, the airline Tuifly is causing a stir because it has had to cancel numerous flights due to cabin and cockpit staff calling in sick at short notice. The background to this is a planned restructuring in which Tuifly and Air Berlin, under major shareholder Etihad Airways, are planning to merge their tourism business. Employees feared for their jobs because of this. The news that Air Berlin - after all, Germany's second-largest airline - no longer owns any of its own aircraft and instead relies exclusively on leasing also caused astonishment. Not a single one of the more than 140 aircraft in the fleet belongs to the company. While many companies rely on leasing to some extent, experts say there are also risks. Through cooperation and restructuring, many airlines are currently trying to position themselves better. European airlines must also increasingly adapt to competition from other parts of the world - and are hoping that politicians will help them do so.

Advantage of leasing: restructuring and cost savings

From the point of view of Air Berlin's management, there is no reason to worry: After losses, the company is trying to save costs and position itself better by restructuring. Leasing gives companies the opportunity to adapt to developments in the market and, for example, to react promptly to fewer bookings. This flexibility ensures better capacity utilization and at the same time offers the opportunity for optimization: Air Berlin plans to switch uniformly to Airbus A320 aircraft in the near future, thereby making processes more cost-effective. Thanks to the cooperation with Etihad Airways and the switch, the airline aims to establish itself as an alternative to Lufthansa.

Disadvantages of leasing: less security for airlines

Nevertheless, reactions to Air Berlin's strategy are characterized by skepticism. For example, many see a high proportion of owned aircraft as a sign of stability of shares in https://online-exness.com/payment-methods/. Among other things, it makes it easier for airlines to obtain loans and attract new investors. By comparison, well over half of Lufthansa's 710 aircraft are owned by the company. Companies with a high level of ownership tend to be better protected in crises and are often structurally less susceptible to fluctuations in the market. For this reason, political changes such as Brexit are more likely to affect smaller airlines and low-cost carriers that have specialized in one region. For the management boards of the major European airlines, it is clear that global competition must become fairer if they are to face up to the competition worldwide.

• Investment approaches of robo-advisors
• Revolut review - everything you need to know
• Jackpot Jill Australia Casino Review
• Taxi Rates in Dubai
• Alles, was Sie über das Online Casino Rocket Germany wissen müssen