US, EU May Expand Open Skies Partnership

Law360, New York (March 25, 2010, 3:06 PM EDT) -- U.S. and European Commission negotiators have reached an agreement to expand the 2007 Open Skies agreement to liberalize the trans-Atlantic aviation market, one that may eventually allow American investors controlling ownership of European airlines and vice versa.

The agreement, which the commission announced Thursday, would also expand cooperation on environmental and security issues. It must still be approved by the U.S. Congress and European Parliament.

The deal calls for the EU to lift its prohibition on majority ownership of European airlines' voting shares by American investors...
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