US, EU extend their "open skies" agreement

The United States and the European Union have extended their 2007 agreement that opened North Atlantic air travel to greater competition. Details can be found in an AP story. Not in the story: The International Air Transport Associaton, representing many foreign carriers, expressed disappointment that the treaty upgrade didn't deal with one of the more contentious issues in Europe and elsewhere: Non-U.S. citizens can own no more than 25 percent of a U.S. airline.

Continue Reading