Friday, May 4, 2007
U.S.-EU Signing of Open Skies Agreement
At a ceremony this this past Monday during a U.S.-EU summit in Washington, D.C., U.S. President George W. Bush signed the first stage U.S.-EU open skies agreement agreement along with European Commission President Jose Manuel Barroso and German Chancellor Angela Merkel. Click here for remarks from the signing ceremony. The hard work from many different parties that led to the agreement, as well as thoughts for the second stage of negotiations are discussed in a recent International Aviation Club speech given by John Byerly, Deputy Assistant Secretary of Transportation Affairs at the U.S. Department of State. The potential economic impact of this new agreement is detailed in a follow on study commissioned by the EU DG-TREN to update the Brattle Group study from a few years ago.
IATA Airline Liberalization Study
The International Air Transport Association (IATA) released an interesting report that discusses the lessons the global aviation industry can learn from other industries about the impact of removing operational, ownership and control restrictions.