Airlines, DOT seek changes in regulations, alliances to help flagging business. (In the News).

Travel Agent, June, 2003 by Michels, Jennifer

WASHINGTON--The world's airlines are suffering under more financial pressures than at any other time in their history. And, judging from comments made here June 2-3 at the annual International Air Transport Association (IATA) general meeting, the aviation industry will soon see some modifications in the way business will be done. While executives and government officials are offering their own prescriptions, it seems clear that an atmosphere of change is in the air.

FOREIGN OWNERSHIP

DOT Secretary Norman Mineta told attendees that the Bush administration wants Congress to pass legislation that includes a proposal by the DOT to increase the level of foreign ownership allowed of U.S. airlines to 49 percent from the current 25 percent. "It is my...

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