PPRuNe Forums - View Single Post - Airlines must be majority EU owned
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Old 10th Feb 2019, 08:28
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Yobo
 
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Originally Posted by clipstone1
I think the only major UK airline that flies to the USA will be Thomas Cook Airlines UK Ltd, no one else with regular US flights is majority UK owned are they?
They don't have to be majority owned.

Authorization

Each Party, on receipt of applications from an airline of the other Party, in the form and manner prescribed for operating authorizations and technical permissions, shall grant appropriate authorizations and permissions with minimum procedural delay, provided:

a. except as provided in Annex 1, substantial ownership and effective control of that airline are vested in the other Party, nationals of that Party, or both;

Annex 1

Concerning Additional Matters Related to Ownership and Control of UK Airlines

An airline of the United Kingdom that was authorized by the Department of Transportation as of November 28, 2018, shall be deemed to satisfy the ownership and control standards of Articles 3(a) and 4(1)(b) of the Agreement, provided that:

a. substantial ownership of the airline remains vested in the United Kingdom, one or more States that were party to the European Economic Area Agreement as of November 28, 2018, and continue to be such a party, nationals of one or more of these States, or a combination thereof, provided that any such State is party to a modern liberal air transport agreement with the United States that is being applied;
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