Canada, EU sign historic deal to open skiesDecember 10th, 2008 - 11:08 am ICT by IANS
Toronto, Dec 10 (IANS) Canada and the 27-nation European Union Tuesday concluded a landmark aviation agreement that throws open their markets to each other and lifts restrictions on airline ownership, number of flights, routes and fare prices.The historic agreement, which may kick in early next year, will allow any airline from Europe to operate to any city in Canada and vice versa. There will no restriction on the number of flights, routes or fare rates.
“The successful conclusion of air transport negotiations with the European Union is another step forward in our ongoing efforts to facilitate growth in trade, investment and tourism for Canadian business,” Canadian Transport Minister John Baird said.
“In these uncertain times, closer global partnerships will help stimulate our economy and expand commercial links. This is why our government celebrates this historic air transport agreement with the EU, which will open access to all 27 member states for Canadian carriers and all points in Canada for EU carriers,” he said.
The minister said the agreement will benefit travellers and shippers by providing more choices of destinations, flights and routes, direct services, and the potential for lower fares.
Lauding the accord, Stockwell Day, minister for international trade, added, “Without question, these times call for closer economic cooperation among key players in the global economy.
“This comprehensive air transport agreement helps to bring Canada and the EU to a new level of cooperation. It will help create new jobs for our economy, a competitive market for our businesses, and connections for our citizens.”
The agreement is one up on the similar US-EU agreement which does not allow European airlines to take over any US airline.
Though the deal is expected to generate millions in revenue and hundreds of thousands of jobs in Europe, many fear it could spell further problems for the already troubled Canadian airlines - national carrier Air Canada and privately owned WestJet.
Many small Canadian airlines have sunk since 9/11 and even Air Canada had to file for bankruptcy in 2003 to avoid going under. The EU is Canada’s second largest bilateral aviation, trade and investment market after the US.
- ICAO adopts India's stand against EU aviation norms - Nov 11, 2011
- TAAG Angola Airlines orders three aircraft from Boeing - Apr 03, 2012
- Canada eyes EU trade deal to boost economy - Oct 18, 2011
- Private Indian airlines allowed to expand overseas services - Feb 14, 2012
- Air India to focus on innovative regional routes to shore up growth - May 23, 2011
- IndiGo to commence Delhi-Dubai flights from Sep 1 - Jun 14, 2011
- India-Europe flights unaffected as of now - May 25, 2011
- EU's emissions plans for aviation disappointing: IATA - Dec 21, 2011
- India seeks more code-sharing to boost travel to Canada - Jul 01, 2011
- Alliance Air launches Delhi-Kanpur-Kolkata flight - May 24, 2011
- European airlines cancel more than 500 flights as volcanic ash spreads - May 24, 2011
- India-Europe flights unaffected as of now (Lead) - May 25, 2011
- Air India to deploy wide-bodied aircraft on domestic routes - May 09, 2011
- Sri Lanka signs air service agreement with EU - Oct 28, 2011
- Private airlines told not to hike fares - May 02, 2011