This is true, airlines, charter operations, and aircraft brokerage services has to have at least 75% US interest. The rules doesn't even apply to Green Card holders. AcuWings for instance is owned 75% by my better half :) BAHA ACUNER - CFI,CFII,MEI www.bahadiracuner.com www.acuwings.com -----Original Message----- From: The Airline List [mailto:AIRLINE@xxxxxxxxxxxxxxxxx]On Behalf Of Alireza Alivandivafa Sent: Thursday, July 24, 2003 4:13 AM To: AIRLINE@xxxxxxxxxxxxxxxxx Subject: Re: El Al and North American In a message dated 7/24/2003 1:07:34 AM Pacific Daylight Time, mcb@xxxxxxxxxxxxxx writes: << Well, 24.9% + 25% = 49.9%, thus not majority ownership, which I think is the rule. The numbers would make it appear that was planned like that exactly to meet the foreign ownership law. >> The rule is 25%, not majority