US airline attacks foreign move (foreign investors greater say )

[cal04]

A leading US airline has criticised government proposals to give foreign investors greater say in how carriers are run, calling the plan "unlawful". Washington revealed last November that it was looking at ways of boosting foreign investment in the industry, which has suffered huge losses.

Foreign firms could be given input into route selection and marketing to encourage them to invest capital. But Continental Airlines said the proposals were unworkable.

Legal threat
"We intend to challenge it in court," Jeff Smisek, Continental's president told aviation analysts on Thursday. Current regulations limit the degree of influence which foreign investors can have over US airlines. The 49% cap on foreign ownership of US carriers or the 25% limit on voting rights are not up for discussion.

http://news.bbc.co.uk/2/hi/business/4745178.stm

[lapfog_1]

1. We've been shipping them money by the truckload

China, the Middle East, etc.

So, now they want to buy US assets with the money they've been given. And Bushco wants them to be able to do it.

It's all about the multi-national corportists. UAE port deal and Unocal / China deal before that... all part of the same scheme.