Boeing is a better bet then owning airline paper now.
He won't own airline, automobile or metals stocks.
Richard Branson, the British founder of Virgin Atlantic Airways, said foreign-owned airlines that compete with the traditional domestic companies might be the stimulus that the ailing industry needs.
Mr. Milke is among those who say they believe that rules prohibiting foreign-owned airlines from operating in the United States — for example, allowing Aer Lingus to fly passengers from Boston to Chicago — keeps ticket prices higher than they would be if this restriction were dropped.
Then there's the U.S. Department of Defense, which frets that foreign-owned airlines can't be counted on to participate in the Civil Reserve Air Fleet, which ferries U.S. troops and cargo during war.
The government now seeks to stop foreign airlines owning more than 49.0% of Qantas, whereas previously the limit was set at 35.0%.
The key concession which America and the EU should make, he says, is to allow foreign airlines to own majority stakes in their own airlines.
China foreign contractual joint ventures, China foreign equity joint ventures, and foreign wholly owned enterprises.
Why should South Africa allow foreign airlines to set up shop, he says, when its own airlines cannot do the same elsewhere?
All U.S. airlines are privately owned, but many other countries have government-owned airlines.
Before the hearing she said in a statement: "Congress has acted to prevent foreign companies from managing U.S. port operations and owning U.S. airlines" to protect the country's infrastructure.
