Re: Branson is coming

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He may follow the footsteps of Deutche Post -> DHL -> Airborne Express
deal.

Baha

-----Original Message-----
From: The Airline List [mailto:AIRLINE@xxxxxxxxxxxxxxxxx]On Behalf Of
boblochry
Sent: Tuesday, August 19, 2003 12:11 PM
To: AIRLINE@xxxxxxxxxxxxxxxxx
Subject: Branson is coming


Branson says he will not wait for the US to relax rules that
limit foreign ownership to a quarter of its voting shares. Instead, he will
 form a new company and forsake control by taking 25% of its voting equity
 and another 24% of non-voting stock.  He is
looking for US partners such as private equity firms to take the rest so
 that he complies with US rules. He will call this new airline Virgin
America.
He is looking for a new president for the company.  RT, are you available?
:)

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