U.S. to allow more foreign control of airlines

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The United States is moving toward a new policy of allowing increased foreign investment in U.S. airlines, including Continental Airlines Inc., over the objections of Sen. Daniel Inouye, D-Hawaii.

Congressional conferees Wednesday rejected a motion by Hawaii's senior senator to delay implementation of the policy for four months for further study.

http://houston.bizjournals.com/houston/sto...05/daily34.html

Continental Airlines President Jeff Smisek testified on Tuesday, that the US Department of Transportation’s supplemental proposed rule to allow foreign control of U.S. airlines is both unlawful and unworkable, and that Congress should take the reins in creating appropriate laws under which foreign entities could increase capital investment in American carriers.

http://www.asiatraveltips.com/news06/105-C...lAirlines.shtml