Originally Posted by
tpersuit
I'm not sure how they relate. I have no dog in this fight, but on APC this is what it says about Lufhansa:
"Lufthansa invested approx. $300 million for a 19% stake in JetBlue:
If I'm not mistaken, foreign ownership has to be below 50%, so how does that relate at all to VA being owned almost 100% by a foreign entity? Just curious before we start saying both situations are the same. Didn't KLM have a similar stake in NWA as Lufthansa does in JetBlue?
How do you figure "VA being owned almost 100% by a foreign entity?..."
It is (I believe) 49% owned and 25% controlled. All within the limits of Federal law.
Skipper