On August 27, representatives of the United States, the European Union, Iceland, and Norway signed an agreement to remove one-sided time constraints on U.S. air carrier leases of aircraft with crew in the lucrative U.S.-EU air transport market. The signing of this important agreement is the result of years of negotiations, led by the Department of State with the Departments of Transportation and Commerce.
This agreement ends a longstanding imbalance in our civil aviation relationship and allows U.S. carriers to lease aircraft and crew to their European partners with no time constraints, in a manner consistent with the 2007 Air Transport Agreement between the United States and the European Community and its Member States, as amended. The agreement will be provisionally applied as of today’s signature. Conclusion of the agreement demonstrates the close and cooperative relationship between the United States and our European partners. Transatlantic flights linking the United States and Europe power growth and job creation, and underpin valuable economic and commercial ties.