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Author Topic: US ownership rules stall Virgin America  (Read 1711 times)

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Offline casper

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US ownership rules stall Virgin America
« on: December 30, 2006, 07:03:50 PM »
The government tossed a roadblock in the path of start-up airline Virgin America yesterday, ruling that the company must change its ownership and corporate structure before it can receive an operating certificate.

Under the law, a US airline must be 75 percent owned and controlled by Americans, and the Department of Transportation said Virgin America does not meet that requirement.

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