Investment Bank Calls for Congressional Action on Airline Re-Regulation

A prominent investment bank with strong ties to the aerospace and airline industry is calling on Congress to increase regulation of the U.S. airline industry, arguing that a financially healthy industry is crucial to the well being of the nation’s economy.
“A strong domestic airline industry is an essential component of our nation’s overall economic health, and the sector’s current woes risk further damage to an already weak economy,” said Hector J. Cuellar, president, RSM EquiCo Capital Markets, the global investment banking arm of RSM McGladrey and H&R Block (NYSE: HRB). “Government action is long overdue. Congress must act promptly to prevent further industry deterioration and the corresponding deleterious effects on the nation.”
Click here for a more in-depth exposition of Cuellar’s position on airline regulation.