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Deadlock over transatlantic open skies
No deal has been struck on “critical issues” required to bring about transatlantic open skies, British Airways claimed today.
Speaking at the end of latest negotiations between the EU and US, the airline’s government and industry affairs director Andrew Cahn predicted little more would occur before next March.
He said: “We understand that progress has been made this week in agreeing aspects of the regulatory framework.
“No agreement, however, has been reached on the more critical issues of market access and the US proposal to relax restrictions on foreign participation in American carriers.”
Cahn added: “In the coming months much work needs to be done by the experts to clarify and satisfy the industry that there is genuine and sustainable commercial value in the US proposal and that it is legally secure.
“Right now, the US proposal falls short of the legislative solution that could have delivered a very real transformational change to the restrictive ownership and control rules.
“Once the final rule is published we look forward to assessing its commercial value. This is not expected to be before March next year.”
Report by Phil Davies
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