US and European airlines largely hailed EU transport ministers' approval of the open skies agreement yesterday, though British Airways and Virgin Atlantic Airways led a chorus on the European side cautioning that the deal is just a "first step" toward creation of a truly open transatlantic air market by 2010. IATA DG Giovanni Bisignani called the agreement "a step in the right direction," but added that "it's time to set aggressive targets to create even more opportunities on both sides of ...

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