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#1
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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. |
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#2
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Quote:
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. |
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#3
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A320... I am hoping you don't fly no A320's, cos your eyesight seems to be lacking. I made the point that you cannot own a US airline.... 19% ain't no controlling stake, which was exactly my point. Burgers suggested that the US does allow foreign ownership and cited the LH stake in jetBlue as an example.
Secondly, Australia and Singapore are not in Europe in my atlas...so I don't think this is just about Europe. (you are going to get lost in that A320 with your atlas). It is about American based airlines' fear of the free market and protectionism at the cost of the American consumer. It is also about a corrupt political system which allows huge monolith airlines to buy themselves anti-trust immunity and protectionist measures to avoid having to compete. |
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