The proposed “open skies” treaty between the European Union and the United States moved a big step forward today when the EU transportation ministers voted unanimously in favor of the agreement. The treaty now goes to the US Congress.

So, if this passes (a big if), what’s in it for you? I gave an analysis earlier, in the pre-game show, so to speak, here.

Short version: More point-to-point routes and competition on trans-Atlantic routes: good! The possibility of international airline mergers: mixed, probably bad. Net effect: still good!

London Heathrow remains a big sticking point. Within seconds of the EU passing the treaty, Continental filed an application to fly to Heathrow. We’ll see if they can find room for more airlines at that already-overcrowded airport.

The other big sticking point is an American change in airline ownership rules. If the treaty passes, foreigners will be allowed to own a majority in American airlines — as long as the voting stake doesn’t exceed 25%. Expect an eventual trans-Atlantic merger.

The deal heads to Congress. I hope they pass it, and that the treaty signing ceremony on April 30 goes on as planned. If you care about this sort of thing, one way or the other, write your senators.

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Related:
- Will foreign ownership of airlines mean lower prices?
- More on open skies
- Are open skies dirty skies?
- US-EU open skies treaty dead in the water, so to speak