THE NEW AVIATION AGREEMENT signed by the U.S. and Japan on Jan. 30 was hailed as a breakthrough in opening the $10 billion market to more competition. For now, however, the chief beneficiaries are the carriers that already have extensive transpacific rights. The rivals--such as American Airlines and Delta Air Lines--must wait to be granted takeoff and landing slots at Tokyo's crowded Narita Airport. Meanwhile, the incumbents--JAL, Northwest, and United--are now free to use their slots as they please. United Airlines, for example, is more than doubling its flights between Chicago and Tokyo.
Before it's here, it's on the Bloomberg Terminal. LEARN MORE