Lower Fares, More Mergers On Horizon For Airlines

Law360, New York (March 26, 2008, 12:00 AM EDT) -- With the Open Skies agreement between the United States and the European Union set to take hold next week, the first effects of liberalization — namely a drop in fares, a growing variety of flight routes and wide-scale consolidation — are now clearly on the horizon, according to aviation experts.

The Open Skies pact goes into effect on Monday, as the first of three agreements the U.S. and EU plan to negotiate. It will cut the current restrictions on trans-Atlantic travel and allow any U.S. carrier...
To view the full article, register now.