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Trade groups battle over foreign investment in US airlines

By Diana Stancy Correll
Published February 27, 2018 5:01am ET
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Trade groups battle over foreign investment in US airlines
Legislation introduced to the House earlier this month by Rep. Dave Brat, R-Va., would eliminate a Great Depression-era restriction that caps foreign ownership in U.S. airlines at 25 percent. (AP Photo/J. Scott Applewhite) | J. Scott Applewhite

Foreign carriers may be able to invest more in U.S. airlines in the future thanks to a new piece of legislation that would lift such restrictions. But opponents say security and safety could be at risk.

The legislation, introduced in the House this month by Rep. Dave Brat, R-Va., would eliminate the Depression-era restriction that caps foreign ownership in U.S. airlines at 25 percent.

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Air Travel Congress Dave Brat Department of Defense (Department of War) Diana Stancy Correll GAO House of Representatives State Department Transportation Travel