Trbusiness. The travel retail Trbusiness. The magazine for global retail and duty free professionals.EU to sign with Canada
By Administrator |
In another ground-breaking step forward for the 'Open Skies' concept, the EU announced yesterday that is due to sign an agreement with Canada, allowing Canadian and EU airlines to fly freely between any EU and
Canadian airports.
An official signing has now been set for May 6 at the EU-Canada Summit in Prague and this agreement follows on from the deal that was struck between the EU and US on 'Open Skies' last March.
The new agreement between the EU and Canada also contains a provision for the future that will allow current and planned restrictions governing the control and ownership of airlines to be relaxed.
A European Commission study has concluded that the agreement will create an additional 500,000 passengers in its first year, plus over 1,000 jobs and economic benefits of at least E.72m ($95m).
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