Thread: virgin america
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Old 05-02-2009 | 07:51 PM
  #22  
tpersuit
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Originally Posted by tzskipper
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
This whole situation is about VA being owned 100% by a foreign entity. They were owned 49% by a foreign entity. Aren't I correct that the 2 majority owners of VA asked for their investment back? Thus making the foreing ownership close to 100% now.

I really don't want to say VA is in the wrong here, I was just pointing out the comparison between Jetblue and VA doesn't seem to hold much water, since Jetblue has 19% foreign ownership while VA had 49% and now appears to have close to 100% now.
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