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Virgin's chief battling law on ownership of U.S. airlines

Article Abstract:

Virgin Group's Richard Branson is currently fighting a 72-year old restriction which prevents foreigners from controlling domestic airlines. The British entrepreneur is planning to start a low-cost domestic airline concentrating in the the eastern U.S. called Virgin America. Although Branson is confident that he will be able to lift the restriction, pointing out the current concern that domestic airlines lack competition, the battle could not be easy. Domestic airlines are unwilling to give up the protection the restriction provides, unless they are given, in turn, increased access to foreign markets.

Comment:

Virgin fights law in order to implement plan to begin U.S. domestic airline service

United Kingdom, Government regulation, Domestic Air Passenger Svc, Domestic airlines, Virgin Holdings Ltd.

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Despite uncertain world markets, a big US retailer bulls into Latin America

Article Abstract:

Home Depot Inc. has inaugurated a do-it-yourself home improvement store in Santiago, Chile, its first store outside of North America. The company is planning to expand throughout Latin America, including opening stores in Argentina, Peru and Brazil, as it moves closer toward becoming a global retailer. The twenty year old company, which currently has 679 stores in the US and Canada, has avoided Mexico because of the country's currency crisis. Home Depot has hired 200 local workers, sending 30 to the US for in-store training.

Comment:

Has inaugurated a do-it-yourself home improvement store in Santiago, Chile, its first store outside of North America

New capacity, new plant construction, Chile, Building Materials, Retail, Building Material and Supplies Dealers, The Home Depot Inc.

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American Express's planned bulk purchase of airline seats may be only the beginning

Article Abstract:

American Express's proposed bulk purchase of airline seats between the US and London may only be the first of several such agreements by the company. American Express is also proposing to acquire seats on Virgin Atlantic Airways from Continental Airlines. The company would be buying seats on Virgin routes between the UK and several US cities. An American Express spokeswoman said that the company could reach other such arrangements with other airlines.

Comment:

Proposed bulk purchase of airline seats between the US and London may only be the first of several such agreements by the co

Strategic alliances, Scheduled Air Passenger Svc, Airlines, American Express Co.

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