The US and Japan announced late Friday that they reached agreement on an "open skies" accord that will liberalize access, largely removing restrictions on the number of airlines allowed to serve each market as well as the number of flights. The long-elusive pact, agreed to after an intensive fifth round of negotiations this year took place in Washington last week, is contingent upon approval of antitrust immunity for transpacific joint ventures between Japanese and US carriers. ANA is ...

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