• misk@piefed.social
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    20 days ago

    Does Elon Musk know that UK EU has laws that would prevent ownership of airlines by foreign entities? I know journalists at DW don’t.

      • misk@piefed.social
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        20 days ago

        Ah, my bad. I misremembered because they track indirect ownership via depositary receipts via various settlement systems including CREST in UK. For some reason I distinctly remember ticking that checkbox when configuring Ryanair shares into a system at a bank I was working at some years ago 😅

        Doesn’t change much because EU has similar laws where airline ownership must remain in EU based companies.