Quoting RoamingWolf:
"Under the law, a US airline must be 75 per cent owned and controlled by Americans and the Department of Transportation said Virgin America does not currently meet that requirement."
I reckon we should have that 75% rule as well."
To what end?
Mandating any sort of ownership constraints on a business does not and can not guarantee either good management or good corporate governance.
Qantas is a good example,I am not aware of the current ownership structure of Qantas but I assume it is 100% Australian owned at the moment,however just as an example,its human resource management leaves a lot to be desired and its management of shareholder capital hardly leads the world.
You could argue that a locally owned business would be more inclined to protect local interests,jobs,services,etc but I would not be holding my breath.
The only way to protect the jobs of Qantas staff and protect services to regional areas is to present the management of Qantas with sound economic and social arguments why it should do so.