The land of Free and the Bigoted...

US government rejects Virgin America

Well that is what FT reported. Some snippets:

The US Department of Transportation ruled that the latest airline venture backed by Sir Richard Branson, the UK entrepreneur, was effectively controlled by overseas investors, failing its crucial test for granting an operating certificate.

and

“Virgin America would have to revise its ownership, corporate structure and associated agreements to be 75 per cent owned and actually controlled by US citizens before it can receive an operating certificate,” said the DoT ruling.

For a country that prides itself in its free market economy, this stinks of protectionism. Well 9/11 did happen didn't it?

Obviously there was Congressional interference.

What's the point I got to make?

I am a smart alec who reads international news.
:P