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Curve Equity Exposed Fund (AXcess News) New York - The United States and Canada have forged an 'Open Skies'pact that will permit air carriers from either country to land, pick up passengers or cargo and fly on to a third destination. The agreement was applauded by United Airlines (OTCBB: UALAQ) which exited bankruptcy Friday and announced it was hiring 2,000 flight attendants.

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Equity Income Funds Carriers considered the two governments Open Skies pact to be a milestone in North American aviation. United Airlines has similar pacts in 77 other countries, the airlines said Friday.

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Capital Casebook Equity This agreement will benefit customers and cargo shippers who will have more choices and increased competitive service options, provide greater flexibility for airlines and will deliver economic benefit to consumers in the two countries.

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Private Investment In Public The two governmentssaid the amended agreement goes beyond a 1995 pact that eliminated most restrictions on air travel between Canada and the United States, but limited each country's ability to tap into the other's international markets.

The Canadian Airports Council (CAC) one of Canada's biggest air markets. "An Open Skies agreement with the important U.K. market is good news for Canadian airports and the communities they serve, " said Canadian Airports Council President and CEO Jim Facette. "Open Skies agreements such as the one announced Friday result in increased air service, which lowers costs and enables Canadian communities to participate more fully in the global economy."

Equity Mutual Funds U.S. Transportation Secretary Norman Mineta said, "Open skies between the United States and Canada will mean better service at lower prices for the passengers and shippers of both countries."

Birmingham Contact Equity According to Canadian estimates, over 18 million passengers flew between the United States and Canada last year.

Private Equity Investment Firm Robert Milton, chairman, president and chief executiveof ACE Aviation, which owns Air Canada, saidthe pact will allow it to capitalize on its arrangements with other members of the Star Alliance airline group.

Complying Deal Equity Funds "Air Canada has long advocated the further liberalization of our shared skies so that we can better link our expanded North American network to our growing international network," said Milton.

Equity Msn Private Wyoming While air carriers called the Open Skies pact a milestone, US trade representatives along with Canada, are keen to see the Latin American free trade pact move forward, which would create a free trade zone that would rival the European Union in size. The move to lift air transporation restrictions will only aid the Bush administration's attempt to convince South American nations to agree to the trade zone pact when the leaders next meet.

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