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Old 27th December 2001 | 19:42
  #19 (permalink)  
The Guvnor
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Cool

Big E - Stelios and his family still own around 60% of the company.

clipstone - EZY Switzerland is, I believe, majority owned by Swiss interests and acts as a 'franchisee'.

The rules are very simple, and you can get hold of a copy from the CAA's Economic Regulation Group if you want. They boil down to the following:

1) If you want to operate intra EU only, the company must be majority owned and controlled by EU nationals. Brits, Greeks, Belgians, French - it doesn't matter.

2) If you want to operate from any EU country to a point outside the EU, then the company must be majority owned and controlled by nationals of that country. This is one of the issues that's holding up GSS - who actually controls it. John Porter and his minions, which would be fine - or Atlas Air, which isn't?

Those rules will change as the EU takes over the sovereign rights on bilaterals. Incidentally, OM is ultimately owned by Globus, which is a Swiss company.