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John Executive King

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September 27, 1989 | DENISE GELLENE, Times Staff Writer
The chairman of British Airways said Tuesday he is confident that the airline's $750-million investment in UAL Corp., the parent of United Airlines, will receive U.S. regulatory approval. Speaking at a press conference in London, British Airways Chairman John King said the deal was structured to comply with rules that limit foreign ownership of U.S. airlines. "I don't believe it poses any major problems for the U.S. regulatory authorities," he said. British Airways is backing the $6.
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BUSINESS
September 27, 1989 | DENISE GELLENE, Times Staff Writer
The chairman of British Airways said Tuesday he is confident that the airline's $750-million investment in UAL Corp., the parent of United Airlines, will receive U.S. regulatory approval. Speaking at a press conference in London, British Airways Chairman John King said the deal was structured to comply with rules that limit foreign ownership of U.S. airlines. "I don't believe it poses any major problems for the U.S. regulatory authorities," he said. British Airways is backing the $6.
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