Toward Truly Open Skies

After the U.S. domestic air market, the Europe-North America international market is the largest air transport market in the world. Because of its size and vitality, there have been numerous calls for the relaxation of regulation that limits U.S. and European carriers from expanding service to each other's nations. The potential efficiency gains in the system from such deregulation could well lead to traffic and revenue generation that leaves net benefits on both sides of the Atlantic even if individual carriers suffer