EU–US Open Skies Agreement
The EU–US Open Skies Agreement is a significant international aviation agreement that allows any airline of the European Union and any airline of the United States to fly between any point in the European Union and any point in the United States. Both EU and US airlines are allowed to fly on to a further destination in another country after their initial stop (Fifth Freedom Rights). The agreement is designed to promote competition and eliminate government interference in commercial decisions about routes, capacity, and pricing. It replaced previous bilateral agreements between the US and individual European countries. The agreement was signed in 2007 and has been amended several times since then. It has led to increased transatlantic traffic and has been a catalyst for change in the airline industry, encouraging consolidation and the development of airline alliances.
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