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US Markets

NASDAQ2906.72chart+2.64
S&P 5001347.47chart+0.42
2012-02-08 10:47

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2012-02-08 10:25

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2012-02-08 10:32

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1970-01-01 00:00

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2012-02-08 10:43

Open skies deal comes into effect

The long-awaited “open skies” agreement between the US and European Union is coming into effect, aiming to open up trans-Atlantic air travel.

The deal ends limits on which airlines can fly between the US and EU, and it is expected to lead to a large rise in the number of carriers on the routes.

However, changes at big airports such as Heathrow will be minimised by the limited availability of take-off slots.

New trans-Atlantic services are likely to use smaller airports instead.

[Source]

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