Paine Webber has agreed not to compete with the venture in the airline sector.

In the north is the airline sector, subdivided into two sub-sectors called High and Low Company.

But Alitalia has not yet formulated a response to the crisis in the airline sector.

The events of September 11 also hurt the Canadian stock markets and were especially devastating to the already troubled airline sector.

"We have no current positions in the airline sector and are not planning to get any exposure, either," he said.

After all, it was a plunge in oil prices this year that had pushed many of these securities up, particularly in the airline sector.

This will lead to job losses in the airline sector and consequently, less competition in the market.

As with the airline sector, we are therefore proposing arrangements which give stakeholders a reasonable period of time for transition.

They expect the stock to trade at about six times earnings next year, making it one of the cheapest in the airline sector.

Not just in the airline sector.