United Kingdom
United States
Asia Pacific
US to relax airline ownership rules?
A relaxation of rules limiting foreign investment in US airlines has been signalled by Washington.
The US Department of Transportation said it would end the strict interpretation of existing laws which bars almost any infulence of overseas investors in the running of the country’s airlines.
But, according to the Financial Times, this will not change current ownership restrictions in the short to medium term which limit holdings to a 25% voting stake and up to 49% in equity capital.
The proposal would only apply to countries with an open-skies deal with the US and reciprocal investment regimes, the FT reported.
The DoT’s policy under secretary Jeff Shane was reported as saying: “The statute really has become an impediment to cross-border co-operation.”
The plan could help smooth ongoing open skies talks between the US and European Union which are due to resume on November 14.
Report by Phil Davies
Related News Stories:
Phil Davies
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Storm Lilian travel chaos as bank holiday flights cancelled