04-05-2008, 08:00 AM
Interesting read here.http://www.thetravelinsider.info/2003/0328.htm
If the aviation market was fully open, Aloha and ATA might have been able to find suitors overseas. But no more than 25% foreign ownership is currently allowed in the airline industry. When Citigroup was hit hard by the subprime mess last year, they got help from all over the world, including a prince from Saudi Arabia.
With US dollar going weak against almost every foreign currency, Aloha and ATA should've been a steal for foreign investors. When I fly on foreign airlines, I find their level of service way better than that of US carriers. No need to deal with grumpy flight attendants, either! Looks like the FAA is more focused on flushing down tax payers money. What a joke!
If the aviation market was fully open, Aloha and ATA might have been able to find suitors overseas. But no more than 25% foreign ownership is currently allowed in the airline industry. When Citigroup was hit hard by the subprime mess last year, they got help from all over the world, including a prince from Saudi Arabia.
With US dollar going weak against almost every foreign currency, Aloha and ATA should've been a steal for foreign investors. When I fly on foreign airlines, I find their level of service way better than that of US carriers. No need to deal with grumpy flight attendants, either! Looks like the FAA is more focused on flushing down tax payers money. What a joke!