Financial Times FT.com

European airlines soar on hope of open skies deal

By Doug Cameron in Chicago, Kevin Done and Chris Adamsin,London, and Andrew Bounds in Brussels

Published: March 21 2007 02:00 | Last updated: March 21 2007 02:00

US authorities have dropped opposition to plans by American investors and Sir Richard Branson's Virgin Group to launch Virgin America, a domestic carrier.

Yesterday's move may help to calm fears that the proposed US-EU "open skies" deal to liberalise transatlantic air services still favours the former.

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