New EU/ U.S. ownership rules
03-26-2010, 08:47 AM
#21
Line Holder
Joined APC: Jun 2009
Posts: 66
That's right, dealing with the facts is never worth the trouble. You better hurry though, the rumor train is pulling into the station and I'm sure all those on board are waiting for you to put on your engineers cap and "connect all the dots."
03-26-2010, 09:02 AM
#22
Gets Weekends Off
Joined APC: Feb 2006
Position: A350
Posts: 193
it all means we will see more of this type of joint venture = AIR FRANCE-DELTA.....CDG to atl...bos...ord...dtw...iah...lax-3-dly...mia...jfk-4-dly...ewr...sfo...sea...iad-2-dly...all these flown by AF...DL only flies=pit..phl...slc...1 dly-atl...so, 18 daily for AF....4 daily for delta...pit and phl is a 757, jfk AF is a a380...
03-26-2010, 12:32 PM
#24
Line Holder
Joined APC: Jun 2009
Posts: 66
Yeah yeah I know...I take what's on here with a grain of salt but some guys walk around with a hard on saying "well on Airline Pilot Central someone said" and get all spun up on nothing more than conjecture. And before you know it we are buying 35 747-400s to be flown by Turkish pilots under Liberian registry and Lee Moak knew about it the whole time. Get it Francis?
03-26-2010, 02:01 PM
#26
Gets Weekends Off
Joined APC: Dec 2007
Position: A-320
Posts: 172
From the BBC news site:
A new agreement between the EU and the US to further liberalise trans-Atlantic air travel paves the way for foreigners to take major stakes in US airlines. EU airlines will allow US investors to take majority stakes in themselves.
Foreign control of US carriers is currently capped at 25% - US airlines could gain ownership of EU carriers above the current 49.9%.
The deal has been hailed as a "major step forwards" in the so-called Open Skies liberalisation process.
The first, most important stage, allowed unlimited access to and from European and US cities for carriers and was agreed three years ago.
Services began in March 2008.
Major boost
The EU transport ministers needs to approve the latest move, which would also allow European carriers to bid for US government contracts.
US Congress also needs to agree to further open up its markets, something it has not been happy to do in the past.
The European Commission vice-president for transport, Siim Kallas, said: "Both sides have agreed to increase regulatory co-operation, and remove the barriers to market access that have been holding back the development of the world's most important aviation markets."
The Commission says full liberalisation would be worth 12 billion euro (£11bn, $16bn) and create 80,000 new jobs.
So on a side note it looks like they will push for more than 25% stakes to make this deal happen. Looks a bit one sided at the monet though.
A new agreement between the EU and the US to further liberalise trans-Atlantic air travel paves the way for foreigners to take major stakes in US airlines. EU airlines will allow US investors to take majority stakes in themselves.
Foreign control of US carriers is currently capped at 25% - US airlines could gain ownership of EU carriers above the current 49.9%.
The deal has been hailed as a "major step forwards" in the so-called Open Skies liberalisation process.
The first, most important stage, allowed unlimited access to and from European and US cities for carriers and was agreed three years ago.
Services began in March 2008.
Major boost
The EU transport ministers needs to approve the latest move, which would also allow European carriers to bid for US government contracts.
US Congress also needs to agree to further open up its markets, something it has not been happy to do in the past.
The European Commission vice-president for transport, Siim Kallas, said: "Both sides have agreed to increase regulatory co-operation, and remove the barriers to market access that have been holding back the development of the world's most important aviation markets."
The Commission says full liberalisation would be worth 12 billion euro (£11bn, $16bn) and create 80,000 new jobs.
So on a side note it looks like they will push for more than 25% stakes to make this deal happen. Looks a bit one sided at the monet though.
03-26-2010, 06:04 PM
#27
Gets Weekends Off
Joined APC: May 2005
Position: B777/CA retired
Posts: 1,486
Let's see. No limits to access to airlines wishing to serve the EU from the US. No one really making money on the North Atlantic routes. yet we have to further open the skies up? Sounds like the EU does not care what low rent operator flies the NAT tracks and they do not care about the long term stability of the industry.
03-28-2010, 12:07 PM
#30
Gets Weekends Off
Joined APC: Jul 2005
Position: recalled until the next round of right sizing to optimise synergies
Posts: 199
Originally Posted by enuff
Yeah yeah I know...I take what's on here with a grain of salt but some guys walk around with a hard on saying "well on Airline Pilot Central someone said" and get all spun up on nothing more than conjecture. And before you know it we are buying 35 747-400s to be flown by Turkish pilots under Liberian registry and Lee Moak knew about it the whole time. Get it Francis?
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