By freeing up transatlantic travel, the pact heightens competition among both US and European carriers
US-based airlines wanting to better compete in the lucrative transatlantic route were ecstatic when a few weeks ago the US and the European Union signed an "open skies" agreement.
The historic pact will scrap legal restrictions on which airline can fly to which airport between Europe and the US. During intense negotiations, several US-based airlines with transatlantic routes united as one, with a representative from the ...