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Looks like it might be over for VA...

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flyipilot said:
Of course VA is not saying anything. They never do. They never want to say anything but how their Inflight entertainment system works or what half naked women they will be flying around as a marketing ploy. VA is most likely in violation as I write this but our govt. could care less. It is that simple. They do not care. If they did, they would stop them yesturday. How can the DOT give them such hassles to get certified in the first place then when it falls apart, they do nothing? I would bet my life if us American citizens started an airline in the U.K. and we lost our British funding, we would be locked out at the jetway. Our govt. views it like a game as they to most everything else in aviation. The worst part is everysay they allow VA to operate in violation of their so called agreement with the DOT, the US airlines are being disgraced by a huge slap in the industry face by the very govt. that wrote the rules to protect the US owned companies. If VA has lined up new money....use it NOW. Great..I could not be more happy. But, to allow them to operate illegal, well I think we should fine the DOT everyday they allow it. But, like I said, they just don't care......
Click to expand...


The DOT moves so slowly that I doubt anything will happen for quite some time. I also think that they are in no hurry to take any quick action that will result in a company being shut down and jobs being lost in this economy. My guess is that VA will either find new investors or take advantage of some technicality in the law to comply. They must have known a long time ago that there was a good chance the investors would bail out and they must have planned for it. Whatever happens, I will be very, very surprised if the DOT pulls VA's operating authority even if they aren't complying with the law. It's more likely that they get a slap on the wrist and a small fine. If Branson has friends in the right places (on either side of the pond) with enough pull VA has no worries; that's just the way things work.
 
Alaska asks again for DOT to probe Virgin ownership

Alaska asks again for DOT
to probe Virgin ownership

Carrier’s compliance with
U.S. citizenship rules at issue

March 12, 2009

Alaska Airlines again called on the Department of Transportation to address questions about Virgin America’s compliance with U.S. foreign ownership and control restrictions on domestic carriers. In a filing today, Alaska asked the DOT to promptly issue an order tentatively finding that Virgin America no longer qualifies as a U.S. carrier. This filing followed a petition to the DOT in February asking the department to initiate a public investigation.

Federal law requires U.S.-based air carriers to be U.S. “citizens.” To qualify, the outstanding voting interests of the air carrier must be at least 75-percent owned by U.S. citizens and the carrier must also be effectively controlled by U.S. citizens.

In its filing, Alaska Airlines cited a March 9 Wall Street Journal story reporting that U.S.-based investors in Virgin America had exercised their rights to sell back their almost 77 percent of the startup carrier’s capital to the London-based Virgin Group Ltd., according to people familiar with the situation. In the story, Virgin America refused to say whether there had been such a transaction. No new U.S. investors have committed to buying stakes, according to people familiar with the situation, which could make Virgin America essentially wholly owned by the Virgin Group.

“This latest newspaper report underscores the urgent need for rigorous and transparent action to address Virgin’s apparent violation of foreign ownership and control restrictions,” said Keith Loveless, general counsel for Alaska Airlines. “Alaska makes this request to ensure all airlines are held to the same standard of compliance with U.S. law, and we hope the DOT acts quickly to address the issues surrounding Virgin’s equity ownership and actual control.”

Virgin America’s compliance with U.S. citizenship requirements was a point of controversy and debate during its certification proceeding. The DOT initially determined that Virgin America, which was founded by the British Virgin Group, did not comply and required the company to restructure before granting initial certification.
 
Most people live in whats deemed a "false consciousness" and don't even realize it. You're better off not realzing the humilty you endure to feed, clothe and shelter yourself.
 
Just a quick question. Why is AS the only carrier to file this motion with DOT? It's not like VA is the direct competitor for AS in SEA for that matter...
 
JungleJett said:
So....


Don't hate...appreciate.

Do you ever want to be rich?
Click to expand...

Sure, but it's hard. Many have the potential and ability, but not the opportunity. ...and you don't get rich working salaried jobs. I don't want to hijack this into a class issue, but some folks have more doors opened then others and it's not based upon an individuals merit. I've seen many others (average, barely talented) succeed due to their connections and wealth, while others who could have been more, confied or limited. The glass ceiling exists for males as well. It just doesnt have anything to do with thier gender.
 

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