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Virgin America in danger: too much foreign capital

Burlingame, USA - In the meanwhile the airline decides to charge also the first carried bag

Problems for Virgin America after its American investors decided to sell their 75% of stock options, leaving control in the hands of British Virgin, that holds the remaining 25%. Now the carrier risks to be declared unlawful, because US regulations forbid to have more than 25% of foreign capitals. In the meanwhile the airline decided to charge also the first carried bag. They added a $15 fee, and...

AVIONEWS - World Aeronautical Press Agency - 1101557

AVIONEWS - World Aeronautical Press Agency
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