Source Pravda.Ru

British Airways discontented with U.S. aviation sector stand-off to investors

The chief executive of British Airways on Monday expressed disappointment with the United States for not opening up its aviation sector more aggressively to foreign investment. Earlier this month, the U.S. government said it would give overseas investors in U.S. airlines more say in management decisions to encourage foreign capital in the troubled industry.

However, it stopped short of increasing the 25 percent limit on foreign ownership of airlines and denied overseas investors any say in decisions that involve safety, security or defense contracts.

"It has not gone close to delivering what it should have delivered," said Willie Walsh, who took the top job at Britain's largest airline last month.

"I am disappointed with the move on the part of the United States with regard to ownership and control," Walsh told reporters in Bangalore, where he launched a direct flight from the Indian technology hub to London.

He expressed optimism, however, that a liberal "open skies" policy being negotiated by the United States and the European Union would be sealed by early 2007. The proposed deal would liberalize air travel and cargo transport across the Atlantic, the AP says.

"I still believe that the open skies policy would be reached within 18 months," Walsh said.

T.E.

Comments
NATO's 5,000 warplanes ready to bomb Russia, Chinese media say
Ukraine's Poroshenko signs decree to terminate Treaty of Friendship with Russia
Ukraine's Poroshenko signs decree to terminate Treaty of Friendship with Russia
Putin speaks about God and warns Ukraine
Putin speaks about God and warns Ukraine
How Russia can respond to Israel following Ilyushin Il20 shootdown
Russia obediently sells RD-180 rocket engines to USA if and when requested
Russia obediently sells RD-180 rocket engines to USA if and when requested
Russia mourns victims of Ilyushin Il-20 shootdown
53 million Russians may lose their jobs within a few years
How Russia can respond to Israel following Ilyushin Il20 shootdown
MiG-31 supersonic fighter jet crashes in Central Russia, pilots eject
MiG-31 supersonic fighter jet crashes in Central Russia, pilots eject
MiG-31 supersonic fighter jet crashes in Central Russia, pilots eject
MiG-31 supersonic fighter jet crashes in Central Russia, pilots eject
How Russia can respond to Israel following Ilyushin Il20 shootdown
How Russia can respond to Israel following Ilyushin Il20 shootdown
53 million Russians may lose their jobs within a few years
Trump sows death in Gaza Strip as US to celebrate opening embassy in Jerusalem
53 million Russians may lose their jobs within a few years
Trump sows death in Gaza Strip as US to celebrate opening embassy in Jerusalem