Virgin America plan for U.S. airline gets tentative OK
21 March 2007The Transportation Department removed a barrier yesterday to Virgin America’s plans to start a U.S. airline, voicing support for its plan to comply with laws limiting foreign control of a domestic carrier.
The agency gave a tentative OK to a revised plan filed in January by Burlingame, Calif.-based Virgin America, saying in a prepared statement that the revised plan “‘should meet U.S. ownership rules'” that cap foreign control of a U.S. airline at 25 percent. The startup still faces opposition from several U.S. airlines.
source: Baltimore Sun
