Regulation cloud hangs over five-nation open-skies pact

Article Abstract:

In an attempt to monitor U.S. ownership of foreign airlines, the U.S. Department of Transportation has proposed air carrier regulation requiring a 30-day notice of any 5% change in shareholding, rather than the customary reporting of changes approaching 50% ownership. Implementation of this rule may prevent the type of investment that a proposed "open-skies" accord between the U.S., Singapore, New Zealand, Brunei and Chile is designed to encourage.

Government regulation, Trade Negotiations, International aspects, Political aspects, Commercial treaties, Trade agreements

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Airline accord leaps hurdle

Article Abstract:

A revised United States Department of Transportation proposal to an open skies airline agreement between New Zealand, Chile, Singapore, and Brunei demands that airline carriers report any changes in shareholding if they involve an increase of over 20% or advance a stake of a U.S. investor to over 40%. The agreement has been approved by the United States and must be signed by representatives of the participating countries.

Regulation and Administration of Transportation Programs, Foreign Investment Regulations, Air Transportation Programs, Economic aspects, Economic policy, Aviation, Transportation policy, Foreign investment laws

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U.S. leads a five-nation agreement on open skies

Article Abstract:

The U.S. has made a open-skies pact with Brunei, Chile, Singapore and New Zealand to eliminate restrictions on air traffic among the five nations. The pact is expected to be beneficial as the five nations are widespread, making their aircraft technologically limited in flying between the destinations.

Negotiation, mediation and arbitration, Airspace (International law)

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