Keep Those Open Sky Signals Loud And Clear
Don't shed any tears over the collapse of British Airways' attempted rescue of troubled USAir Inc. The deal was scuppered by the inability of John Major's government to marshal enough political support for an Anglo-American open-skies treaty, which Washington had rightly made a precondition for approval of a $750 million BA infusion into USAir. But in an increasingly internationalized industry, improved access to 40% of all the world's airline passengers makes so much sense for the Brits that the deal could well be back again. Even more important is the message the hard-nosed Washington position sent London and other capitals about U.S. determination to obtain equal opportunities in foreign markets.
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