Clouds Still Hang Over Tokyo
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.
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