Originally Posted by entropy
one of the big objections to foreign ownership is Virgin America. CO doesn't want yet another JetBlue-like carrier, but with international connections!
Larry
spelled the whole thing out clearly in his presentation at the Merrill Lynch conference. It's all about Heathrow. If CAL got access to Heathrow, all their objections would vanish. In fact, IMHO, the company would switch sides and back AA, UA, BA and VS in their efforts to keep others out.
I don't think CAL cares one way or the other about Virgin America; however, they can use the issue as leverage on LHR.