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Virgin Pacific? (Read 154 times)

Oct 16^th, 2005 at 11:40am

born_2_fly Ex Member

Hiya guys

I was just thinking, seeing and Virgin has a strong presence in the USA and also a (growing) presence in Australia, would it make sense for them to compete in the trans-Pacific market? Maybe not as a wholly owned company but maybe then can help to set it up and take a controlling stake in the Company? (Like Virgin blue)
Couple of 747's maybe?
Just a thought

Cheers

Born_2_fly Cheesy

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Reply #1 - Oct 16^th, 2005 at 1:41pm

Craig. Offline
Colonel
Birmingham

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Posts: 18590

I'm not 100% certain but i believe there is an open skies rule that prevents it happening.

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Reply #2 - Oct 16^th, 2005 at 1:52pm

born_2_fly Ex Member

Thanks CraigL
But surely if say an Australian investor/investment company took a 51% steak in the company then they could get it on 5th freedom traffic rights? I could understand if the company was controlled by a forgien company, but it it was Austrailian contolled?

Born_2_fly Cheesy

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