European Union transport officials have unanimously approved an Open Skies agreement to liberalize air travel between the EU and the U.S. The pact, which was approved March 22 and will go into effect in March 2008, is likely to increase competition among U.S. and EU airlines by removing restrictive rules on flights across the Atlantic and between EU countries. The agreement replaces existing treaties that dictated that European airlines only offer flights from their home countries to the ...

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