Boeing Commercial Airplanes (BCA) chief executive Alan Mulally has predicted a massive shake-up in the world airline market with further moves to liberalise restrictions on routes and ownership. Speaking to the UK Aviation Club in London last week, he said troubled carriers should "restructure or die". He added: "There are too many airlines. We're over-regulated and we need to let market forces sort out scarce resources". Mulally said by 2004 BCA will be producing fewer than half the aircraft - around 270 - it built in 2000. "It could be at these levels for a few more years," he said.
Source: Flight International