The European Union (EU) has agreed to remove restrictions on foreign carriers seeking to wet lease to EU-based airlines as part of an agreement signed between the US, EU, Iceland and Norway Aug. 27 in Brussels. Announcement of the deal resolves a long-running commercial concern for US airlines that have been largely shut out of the market for wet-lease services in Europe since 2008, when the EU imposed a time limit on how long EU carriers could wet lease aircraft from non-EU carriers, ...

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