US move new hurdle for open skies?
The US has scrapped proposals to offer foreign investors a greater say in its airlines, in a move which throws an 'open skies' deal with Europe into doubt. The US government said, however, that it remained committed to an agreement with the EU to liberalise transatlantic air traffic. Transportation Secretary Mary Peters said the decision to withdraw plans for a greater foreign role in the business operations of US airlines was taken after protests from the industry and from Congress.
The EU has insisted that limits on foreign stakes in US airlines must go if a comprehensive deal to deregulate transatlantic air traffic is to be achieved.
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