Saturday, February 23, 2008

Air Travel-UK to USA

Th EU has backed an Open Skies deal with the US. The unanimous vote by EU transport ministers will liberalise trans-atlantic aviation, easing restrictions on travel between Europe and the US. The deal may still collapse, however, over the US's usual protectionist stance on foreign ownership of US companies. They are insisting on a minimum of 75 percent US ownership of all US airlines. Should the deal go ahead, it could herald a new era of cheap trans-atlantic flights. It's a sad irony of US government ignorance that enforcing 75 percent US ownership could destroy some US airlines altogether if cheaper airlines can get a foothold on the lucrative transatlantic routes.

No comments: