Prospects for the creation of an Open Aviation Area between the EU and US improved late Friday when negotiators from both sides announced a tentative agreement had been reached in Brussels. Terms were not released, but the deal does allow the EU to tighten foreign investment limits on EU carriers to match the 25% limit in place in the US. At the same time, the US will ease nationality clauses to make it easier for EU carriers to invest in third-country airlines without those airlines losing ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.