Quote:
Originally Posted by jimworcs
Burger, check your facts before posting categoric statements..google is your friend.
Point 1 - Lufty does not have a controlling stake in Jet Blue
Point 2 - Foreign ownership of US based carriers is still prohibited in law
Point 3 - You say that no decent sized developed country allows 100% ownership. What about Switzerland, Austria, Netherlands, France, Spain, Australia, Germany, Italy, Sweden, Denmark, Ireland, Great Britain.. all allow 100% foreign ownership of their airlines. Lufthansa owns Austrian and Swiss airlines and until recently owned the UK BMI group. AirFrance controls KLM, and BA controls Iberia (although both set up overarching group companies, to manage those controlling interests). Singapore airlines owns an Australian based airline. There are so many examples, I don't know where to stop.
|
Mr Worcs....you need to have your eyes examined you head checked, and you glasses fine tuned.
No one ever said Lufthansa held a controlling stake in jetBlue. It was a 19% stake they bought, paid for part of the conversion to Sabre, and gave jetblue their 1st real codeshare after Cape Air.
2. US law prohibit foreign entities from owning no more then a 25% of non voting stock, and the max allotment can be up to 49%. the remaining 51% MUST BE FROM PEOPLE/BUSINESSES IN THE UNITED STATES.
3. What you guys do in Europe is your business.