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 ...

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