There is much about the way the airline industry is structured and governed that is archaic, but few things more so than the regime governing international investment. The 25% ìforeign ownershipî ceiling, combined with the mandate that carriers be under the ìcontrolî of U.S. citizens, effectively means that U.S. carriers are denied access to the worldís capital markets at a time when many are searching for the financing that will mean the difference between survival and liquidation. ...

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