It’s a refrain we’ve heard many times before, but Richard Branson says he wants to start a low-fare carrier in the U.S.
Silly U.S. laws limit foreign ownership of U.S. carriers to 49% and voting control to 25%. The much-maligned (by me) Transportation Secretary Norm Mineta wants to increase voting control to 49%. That would encourage Branson in his quest.
But there’s still no reason that ownership should be limited at all.