Tilton Says

[a320drivr]

Tilton Says U.S. Carriers Hamstrung by Foreign Ownership Rules

4/7/2005
​

United Airlines Chief Executive Glenn Tilton Tuesday said U.S. network carriers are currently hamstrung by U.S. regulations resulting from the threat of global “super carriers.”



U.S. rules limit foreign ownership to 25 percent, a fact that Tilton said in Thursday's USA Today "makes precious little sense," as cross-border consolidation accelerates in Europe and Asia. He said talk about raising the limit to 49% would be a "first step." United has looked to Asia to bolster its position as a global airline, in part because overseas flights remain the competitive advantage of mainline carriers over low-cost carriers.



Tilton said the mainline carriers could eventually consolidate into three carriers. "Three is a more likely and appropriate number," he said. Such a trend is already underway in Europe, Tilton said, with consolidation among the flag carriers in Germany, France, Switzerland and the Netherlands. Cathay Pacific, the Hong Kong airline, could also be a consolidator in China, he said.

Great idea. Lets have foreign carriers owning US ones. The rest of the world already owns all the US debt.

 

[mach none]

Tilton Says U.S. Carriers Hamstrung by Foreign Ownership Rules

​

4/7/2005

United Airlines Chief Executive Glenn Tilton Tuesday said U.S. network carriers are currently hamstrung by U.S. regulations resulting from the threat of global “super carriers.”



U.S. rules limit foreign ownership to 25 percent, a fact that Tilton said in Thursday's USA Today "makes precious little sense," as cross-border consolidation accelerates in Europe and Asia. He said talk about raising the limit to 49% would be a "first step." United has looked to Asia to bolster its position as a global airline, in part because overseas flights remain the competitive advantage of mainline carriers over low-cost carriers.



Tilton said the mainline carriers could eventually consolidate into three carriers. "Three is a more likely and appropriate number," he said. Such a trend is already underway in Europe, Tilton said, with consolidation among the flag carriers in Germany, France, Switzerland and the Netherlands. Cathay Pacific, the Hong Kong airline, could also be a consolidator in China, he said.

Great idea. Lets have foreign carriers owning US ones. The rest of the world already owns all the US debt.

Could Branson be talking to Tilton?

 

[Trash8Mofo]

Tilton Says U.S. Carriers Hamstrung by Foreign Ownership Rules

​

4/7/2005

United Airlines Chief Executive Glenn Tilton Tuesday said U.S. network carriers are currently hamstrung by U.S. regulations resulting from the threat of global “super carriers.”



U.S. rules limit foreign ownership to 25 percent, a fact that Tilton said in Thursday's USA Today "makes precious little sense," as cross-border consolidation accelerates in Europe and Asia. He said talk about raising the limit to 49% would be a "first step."

My crystal ball tells me that this is a real threat to our profession. If, what if....Say United merges with some developing country's carrier, say Thai airways, 40% Thai & 60% UAL. Then UAL proceeds to transfer all of its international flying (747, 777 etc.) to them. UAL would also base all of the heavy's MX in Bangkok too. Now, not that I know anything about Thai Airways, but I would guess that their work rules, if any, are much lex. And pay, what pay? Keep in mind, this doesnt acutally have to happen. But just the fact that management CAN make it happen is enough to threating everything to our profession.

 

[320AV8R]

Tilton doesn't have a clue about running an airline......so he'll delegate the responsibility to someone else.....who has inve$tment dollar$.

Remember the US Maritime Industry ?

The same could happen to the US Airline Industry with relaxed legislation.

 

[AA717driver]

Remember when U.S. citizens owned Subways and Holiday Inns and drove taxi cabs?

Remember when U.S. citizens were doctors...?

Why do you think they built the A320 so any first grader could fly it?TC

 

[Mugs]

Remember when U.S. citizens owned Subways and Holiday Inns and drove taxi cabs?

Remember when U.S. citizens were doctors...?

Why do you think they built the A320 so any first grader could fly it?TC

23 August 2000; Gulf Air A320-200; Near Manama, Bahrain: The aircraft was making at least a second attempt to land at the Bahrain International Airport after a flight from Cairo when the aircraft crashed into the sea about three miles (4.8 km) from the airport. The aircraft was executing a missed approach and descended into the sea shortly after the crew received warnings associated with a flap overspeed condition. All eight crew members and 135 passengers were killed.


Yep, nothing to it. The Bus will save you and your incompetence every time.

 

[Dinger]

There may be only three legacy carriers left when the dust settles, but it probably won't be from consolidation.

 

[General Lee]

The other members of the Star Alliance, Skyteam, etc.... will invest more into the US partners. They will still need major US feed to help fill the INTL widebodies, and there will be more than 1 Billion passengers travelling domestically each year in the US alone by 2010. The LCCs will not fly them all. No way. Tilton is hoping for more cash for United so he can bail and go back to running an oil company....



Bye Bye--General Lee