US Dept. of Transportation's surprise proposal to ease its interpretation of foreign ownership restrictions in order to encourage more investment in the US airline industry has drawn negative comments on both sides of the Atlantic. Virgin Atlantic Airways called it "a transparent device to fool the EU into agreeing to an unbalanced deal" when the two sides meet later this month to resume Transatlantic Open Aviation Area talks. Separately, Continental Airlines charged yesterday that the ...

Subscribe to Access this Entire Article

"DOT foreign investment proposal blasted on both sides of pond" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.