Hawkeye2 From United States of America, joined Mar 2002, 234 posts, RR: 0 Reply 2, posted (11 years 7 months 2 weeks 4 days 14 hours ago) and read 3769 times:
Assuming the foreign-ownership rules are relaxed in the first place, Branson should just buy a stake in JetBlue and be done with it. B9 is the closest US equivalent to a low-cost airline with a hip "Virgin-like" flavor.
Singapore_Air From United Kingdom, joined Nov 2000, 13722 posts, RR: 20 Reply 4, posted (11 years 7 months 2 weeks 4 days 14 hours ago) and read 3749 times:
HKGSpotter: You have a habit of trying to spoil my posts. I wonder why.
The article indicates that Branson wants to expand into the markets of Japan and South Africa. China would also be a good place for him since it's going to grow the biggest in the near - medium term future.
VirginFlyer From New Zealand, joined Sep 2000, 4537 posts, RR: 48 Reply 8, posted (11 years 7 months 2 weeks 4 days 10 hours ago) and read 3629 times:
Hawkeye2 - funnily enough, I was going to suggest the same. They could even rename it, wait for it, Virgin Blue USA... Seriously, a Virgin JetBlue partnership seems like a great idea in my opinion - Lets hope good old Sir Richard doesnt show the world's media an cheque to buy JetBlue, then tear it up saying its a joke...
AirNewZealand - Japan I believe is the next place he wants to set one up, according to an article I was reading the other day.
"So powerful is the light of unity that it can illuminate the whole earth." - Bahá'u'lláh
TNboy From Australia, joined Mar 2002, 1131 posts, RR: 20 Reply 10, posted (11 years 7 months 2 weeks 4 days 9 hours ago) and read 3589 times:
Branson grandstanding again. Oh well, Singapore_Air, makes a change from your SQ press releases. Whose money does Dicky plan to spend, and who will he eventually sell to, and to subsidise what new "venture".
Everything changes, yet everything remains the same.
DCA-ROCguy From United States of America, joined Apr 2000, 4423 posts, RR: 35 Reply 11, posted (11 years 7 months 2 weeks 4 days 6 hours ago) and read 3511 times:
Foreign ownership rules should be relaxed in the US, just like most industries in the US have free trade and real competition. The US high-cost network-airline Cartel needs all the well-managed low-fare competition it can get. Consumers deserve no less.
The most likely scenario for allowing foreign-owned domestic US carriers would be if the Cartel carriers tried to consolidate again. I've argued at this forum for a long time that superconsolidation among the US network carriers--from 6 down to 3--would be disastrous for consumers....unless, Uncle Richard et. al. were allowed to come in and offer competition.
Southwest and other US low-fare carriers are very well managed, but the concentrated market power of the high-cost cartel in 3 supercarriers is NOT a risk the Justice Department will allow. That is why the pro-business current US administration killed UA-US last year. Then Sept. 11 happened, and nobody wants to consolidate....right now.
But the whining continues. Leo Mullin of Delta has been whining for years about how the Cartel 6 barracudas must be allowed to consolidate for alleged "economic reasons." It's possible that the Cartel "Six Families" Dons and Congress could work out a deal where they are allowed to consolidate, and Uncle Richard and WestJet, et. al., are allowed to come in and offer an even broader base of competition. US Superconsolidation should *not* be allowed otherwise.
Srbmod From United States of America, joined Mar 2001, 17293 posts, RR: 51 Reply 12, posted (11 years 7 months 2 weeks 4 days 6 hours ago) and read 3502 times:
You got to admire Sir Richard, when his name hasn't been in the papers for a few days, he says something to get it back in. Yes, it is no secret that he wants an American airline in order to have an airline of his own to transfer VAA pax onto. Virgin was at one time rumored to be buying a stake in a U.S. carrier. The U.S. gov't may have to change their policies concerning foreign ownership of airlines in order to get an open skies agreement going again with the UK. $100 million can definitely get an airline started, but he would be better off buying an exsisting carrier and using some of that money to expand it. The U.S. is saturated with low-fare carriers, so buying several of the smaller ones and consolidating them may be the best bet for Branson if he is given the chance.
Mcdougald From , joined Dec 1969, posts, RR: Reply 17, posted (11 years 7 months 2 weeks 4 days 4 hours ago) and read 3384 times:
You can bet the major carriers will be lobbying ferociously against allowing foreign-owned competitors into the market. The odds would be in their favour, since each major carrier carries a fair bit of clout in any state in which it has a hub -- i.e., all the large states and a few medium-sized ones.
That said, liberalising the world's foreign ownership laws would be a good thing. Especially for smaller countries, where foreign ownership restrictions limit struggling carriers' and start-ups' options when seeking investors.
Branson could explore the possibility of franchising out to local owners/operators if he wanted to, but even that faces potential problems. Greyhound Air (originally owned by Phoenix-based Dial Corp.) tried to get around Canada's foreign ownership rules by hiring B.C.-based Kelowna Flightcraft to do the flying while they looked after the marketing and scheduling, but were stopped anyway. Branson could face a similar situation in the U.S. and other countries if he went that route.
Ryanair From United Kingdom, joined Jul 1999, 654 posts, RR: 0 Reply 18, posted (11 years 7 months 2 weeks 4 days 1 hour ago) and read 3331 times:
So Richard Branson come up with a headline grabbing idea that is actually impossible because of a minor thing called the law. Gee that's never happened before!!!!!!
Back on earth, what's said about Jetblue is very true. Jetblue poached ruthlessly from Virgin Atlantic taking much of that companies best and brightest management.
It's been sad to see VS go down hill ever since, I never thought I'd see the day where former Virginites talked of BA being better. I know my employers corporate account with VS is up for grabs again because they've p"£$ed us around once too often. Rather than rattle on about pipe dreams, come on Richard get what is back to their once proud best!!!!
Ba777-236 From Canada, joined Oct 2001, 673 posts, RR: 5 Reply 20, posted (11 years 7 months 2 weeks 3 days 22 hours ago) and read 3262 times:
I thought Mr Branson wanted to start an airline in Canada?
He had said in an interview on a local TV station about a year ago - that he was interested in starting up an airline if Canada changed their foreign ownership law. Have they changed this law?
I like British Airways! I'm not sure why, but I do! ;-)
Mcdougald From , joined Dec 1969, posts, RR: Reply 21, posted (11 years 7 months 2 weeks 3 days 22 hours ago) and read 3222 times:
BA777-236 wrote: "I thought Mr Branson wanted to start an airline in Canada?"
He expressed interest in it. Transport minister David Collenette, however, has repeatedly said he has no intention of permitting foreign ownership of Canadian carriers.
There has been talk of raising the foreign ownership limit to 49%, but whether Branson would be interested in anything less than majority control is another question.
This exposes a double standard: Both Collenette and his U.S. counterparts are fine with foreign ownership in the railways. Canadian National was allowed to buy the Illinois Central Railroad, sell one of its domestic lines to a Denver-based company and then seek a merger with BNSF which would have produced North American Railways, the world's largest, had anti-trust regulators not objected.
But with the airlines, it's a totally different story. Go figure.