ask any merchant marine from the US or europe what foreing ownership did to them.
if foreing ownership is allowed, UPS or XCY AIR, can transfer certificates to bangladesh, were unions are not legal and you IPA goes to ****. Furthermore, it can hire rusian pilots at $30 /hour to do all the long haul international fligths, and when cabotage is approved, they can do domestic also. bye bye IPA and bye bye your job.
think it can't happen? it happened to the merchant marines in the US and EU years ago. this is the beggining. full ownership will follow, together with cabotage.
PS: you won't see any of the new intra-EU flying as it will be done mostly by contractors? think not?.....keep dreaming.