Heard on the Street: The likes of General Electric may be in decline, but a holding-company structure is proving effective in the airline industry
The conglomerate, usually considered a corporate dinosaur, is finding a surprising new lease of life in the airline industry.
International Consolidated Airlines Group has become Europe’s model for airline mergers since Chief Executive Willie Walsh formed a holding company to manage the combination of British Airways and Spanish flagcarrier Iberia eight years ago.
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