The number of medium to large-sized airline privatisations on the market or expected in the near to medium-term future is high. Regions such as Africa, the Middle East and Eastern Europe still have a significant level of state ownership in airlines.
At the same time, the number of possible buyers has effectively shrunk because of the formation of large alliances linking most airlines, which has resulted in those alliances delegating responsibility for a particular transaction to one of their members, hence considerably reducing competition among airlines to buy into any airline that is being privatised.
