Originally Posted by
Funk
Sure, you’re right about all those things. I posit there is still a way the company can “grow” into Europe that will be thoroughly unsatisfying for the pilot group. I lack sufficient evil genius (incompetence) to know what that will be.
The mega JV they are currently working on is the form in Europe. Delta, AirFrance, KLM, and Virgin Atlantic will all fly the widget some day. It's the Mc Donalds/Coca-cola model. Corporate plus franchisees with some equity mix to tie it all together. Can you tell which sets of golden arches is owned by Mc Donalds and which are not? How about the coke can bottled in Georgia versus the one in California or Denmark or China or Mexico. Now you know why we will never carry Pepsi. The red and white Coca-Cola logo is recognized by 94% of the world’s population.