SInGAPORE_AIR
Posts: 11621
Joined: Mon Nov 13, 2000 4:06 am

USA To Consider Lifting Foreign Ownership To 49%

Wed May 28, 2003 7:14 am

A proposal by the current U.S.A. administration to increase foreign ownership of U.S. airlines to 49% could help airlines get access to fresh capital.

Blah blah blah.

More information at the Financial Times website

I wonder if some airlines like Singapore Airlines Limited would buy into an airline. However, is 49% enough?
Anyone can fly, only the best Soar.
 
Ikarus
Posts: 3398
Joined: Mon Jan 08, 2001 10:18 pm

RE: USA To Consider Lifting Foreign Ownership To 49%

Wed May 28, 2003 7:18 am

 Big grin Big grin Big grin

How much do they own of Virgin Atlantic again?  Big grin


49% is a step in the right direction. 100% would be better... But 49% may well be enough to get Virgin American Blue off the ground...


Regards

Ikarus
 
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STT757
Posts: 13331
Joined: Tue Mar 28, 2000 1:14 am

RE: USA To Consider Lifting Foreign Ownership To 49%

Wed May 28, 2003 7:20 am

What would this mean with regards to AA/BA, and perhaps LH/UAL?
Eastern Air lines flt # 701, EWR-MCO Boeing 757
 
Ikarus
Posts: 3398
Joined: Mon Jan 08, 2001 10:18 pm

RE: USA To Consider Lifting Foreign Ownership To 49%

Wed May 28, 2003 7:25 am

that BA and LH would be insane to buy into their sickly alliance partners anyway and wouldn't go near those 49% of the shares with a bargepole?
 
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STT757
Posts: 13331
Joined: Tue Mar 28, 2000 1:14 am

RE: USA To Consider Lifting Foreign Ownership To 49%

Wed May 28, 2003 7:30 am

It's amazing that US Airlines have made it this far without Government ownership (EVER!), the Europeans might as well buy them to keep selling Airbuses to them.

More WELFARE for Europeans.
Eastern Air lines flt # 701, EWR-MCO Boeing 757
 
petertenthije
Posts: 3364
Joined: Tue Jul 10, 2001 10:00 pm

RE: USA To Consider Lifting Foreign Ownership To 49%

Wed May 28, 2003 7:30 am

Or exaclty the opposite. BA does buy AA (or LH buying UA) because the price is about as low as it will ever get. If BA can afford to take over Virgin of BMI then why not shares in AA. It's not as if Dubya will let UA or AA go bankrupt.
Attamottamotta!
 
bobrayner
Posts: 2038
Joined: Sun Apr 27, 2003 8:03 am

RE: USA To Consider Lifting Foreign Ownership To 49%

Wed May 28, 2003 8:11 am

More WELFARE for Europeans

That, from a belated and incomplete attempt to liberalise (protectionist) airline ownership regulations in the USA? It's a very creative interpretation.
Cunning linguist
 
bobrayner
Posts: 2038
Joined: Sun Apr 27, 2003 8:03 am

RE: USA To Consider Lifting Foreign Ownership To 49%

Wed May 28, 2003 8:23 am

Given the state of the market at the moment, I don't think many foreign airlines will be interested in buying large stakes on a purely strategic basis. Nobody's willing to throw cash around at the moment (except Emirates!)

It doesn't have to be an airline buying a stake, of course, but let's not get into boring subjects  Wink/being sarcastic
Cunning linguist
 
gigneil
Posts: 14133
Joined: Fri Nov 08, 2002 10:25 am

RE: USA To Consider Lifting Foreign Ownership To 4

Wed May 28, 2003 9:04 am

Its about time we joined the world community and started reducing our psychotically protectionist policies.

N

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