Financial Times FT.com

The big story: Sceptics not ready for takeoff

By Roger Bray

Published: May 14 2007 11:31 | Last updated: May 14 2007 11:31

Extravagant reaction to the recent “open skies” agreement between the EU and the US promised all the usual benefits of enhanced competition: more choice, tumbling fares and the launch of new direct routes which would save business travellers the tedium of waiting forconnections.

But will it prove to be a false dawn? The deal may look exciting for consumers at first glance but sceptical responses from the business travel sector suggest its impact will to be less dramatic and certainly less immediate than some commentators predicted.

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