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Individually, airlines are finding it hard to stay viable, let alone turn a profit. For smaller airlines trying to bill themselves as budget, cooperation may be the solution in creating a wider distribution of resources and lowering operating costs. Flyholding, the holding company of MyAir.com, and SkyEurope Holding announced Oct. 15 a cooperation agreement that would boost their standings in Europe’s budget airline industry.

MyAir.com has entered a protocol agreement with Bratislava-based SkyEurope Airlines for an operating partnership that is an example of a new trend in strategic alliances. MyAir.com said it hopes the partnership will streamline operations and cut costs by taking advantage of the economies of scale on the market in which both airlines currently operate. With largely complementary networks, the partnership will also bring additional destinations to customers in their major hubs.

source: The Prague Post

Filed under Low cost, Myair, SkyEurope.