BMI BRITISH midland chief executive officer Austin Reid
believes the aviation industry must rework its finances following the US terrorist
attacks.
Speaking today at the Economic Affairs Ninth Annual
Conference in London, Reid said: “Success will come through stronger
competition facilitated by reduced levels of regulation. By reducing costs
airline operators will create environments where they can prosper.
“In particular close examination is needed in costs relating
to labour, aeroplane manufacturers and airports. Success will also be brought
about by improved sales distribution channels, productivity and network
alliances.”
Reid went on to deny reports the carrier is to relaunch
itself as a low-cost carrier.
“BMI remains and will continue to remain a full service
airline and we have no intention to become a budget carrier. We pride ourselves
on the quality of our service.”