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Carriers debate DOT's foreign-ownership proposal.

Publication: Business Travel News
Publication Date: 14-NOV-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
The U.S. Department of Transportation through Jan. 6, 2006, will accept comments on a proposal to ease foreign ownership restrictions covering U.S. carriers. DOT said the rule "clarifies how the Department will interpret 'actual control' of a U.S. carrier" and would allow U.S. carriers to access foreign capital and remain competitive in an evolving marketplace.

U.S. and international carriers offered conflicting viewpoints on the notice of proposed rulemaking, which was posted between negotiating sessions for a liberalized aviation pact between the United States and the European Union. The next round of talks was scheduled for this week in...

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