A Breakthrough In The Sky

The U.S. and Germany are near a landmark reg-slashing deal

Less than five years ago, unfettered international airline competition seemed a hopeless fantasy. Then, in 1992, the U.S. struck a deregulation pact with the Netherlands. Last year, it won similar accords with nine small European nations. Now, U.S. and German aviation officials are close to reaching what could be a landmark reg-slashing deal: an "open-skies" pact that would virtually end restrictions on flights between the two nations--and possibly usher in a new era in North Atlantic air travel.

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