Originally Posted by
Timbo
That's why Delta can only buy 49%...
That's what I thought. That means it wouldn't be a merger, we wouldn't get to fly their planes or layover with their virgins.
If the Company’s ownership level (i.e., the percentage of ownership referred to in Section 1 B. 16. a.) in a foreign air carrier exceeds 25%, the Company flying block hours scheduled in any month between the United States and theany country ofto or from which the foreign air carrier operates from or to the United States,11 will not be less than the Company flying block hours scheduled between the two countries in the same month of the twelve-month period prior to the month in which the Company’s ownership level first exceeds 25%. The Company will be excused from compliance with this provision in the event a circumstance over which the Company does not have control is the cause of such non-compliance.