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Thread: Virgin Ire.
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Old 2nd Mar 2001, 00:48
  #90 (permalink)  
The Guvnor
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Cool

Come, on - there's no way on earth Aeroplop can buy VEI!

(a) they don't have the dosh; and
(b) most importantly - they are not an EU company!! The rules state very clearly that a minimum 50% ownership of an airline operating wholly within the EU must be EU nationals (which doesn't include Russians!!) - and if the carrier operates to destinations outside the EU, then the majority ownership must rest with nationals of the home base (ie the reason why VEX had to have a Belgian AOC to operate charters to Turkey etc from BRU).