Date: 19 Feb 97 02:46:23 From: Malcolm Weir <firstname.lastname@example.org> Organization: Ampex Corporation References: 1 2 3 4 5 6 7 8 9 10
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Jean-Francois Mezei wrote: > > If UA wants to capture the Japan<->Asia market, why then doesn't UA > create a Japanese subsidiary who would then operate under Japanese rules > and agreements ? Because Rule #1 says that "Foreign Airlines" means "Airlines owned by foreign nationals". In this case, a Japanese subsiduary of UAL would still be foreign. This rule is pretty much universal, for example in the US the magic number is a maximum of 25% foreign ownership. Malc.