Wannabe startup airline Virgin America, which was rebuffed by federal regulators late last year in its initial bid to earn clearance to begin operations, is changing its ownership mix in hopes of winning government approval.
The airline has “changed agreements with minority owner Richard Branson’s Virgin Group in an effort to meet U.S. ownership requirements,” reports Bloomberg News (via The Los Angeles Times).
The airline hopes this move will make it acceptable to U.S. regulators, who first denied the would-be carrier’s operating license for having too much of a foreign ownership stake. Skeptics (OK, me) have maintained all along that the real issue here is not foreign ownership so much as it is fear of competition from a certain cowardly domestic carrier and its ilk.
And why wouldn’t the U.S. airlines be afraid? If I were the kind of airline that thought eliminating free pretzels on domestic flights was a winning idea, I certainly wouldn’t want to see another carrier enter the fray promising broadband access, nine-inch seatback TVs, interactive games, movies on demand, and a touch screen to order in-flight food.
Then again, as a traveler I sure would welcome it.
We hand-pick everything we recommend and select items through testing and reviews. Some products are sent to us free of charge with no incentive to offer a favorable review. We offer our unbiased opinions and do not accept compensation to review products. All items are in stock and prices are accurate at the time of publication. If you buy something through our links, we may earn a commission.
Top Fares From
Today's Top Travel Deals
Brought to you by ShermansTravel
Peru: 7-Night Lima, Puerto Maldonado &...
Wisconsin Dells Water Park Resort w/Meals,...
Shop and Save with Country Inns...
Patricia MagañaHotel & Lodging Deals