Congress won't block a Bush administration plan to allow foreign investors more management control of U.S. airlines.
House and Senate negotiators on Tuesday night agreed to drop language from a spending bill that would have delayed the plan. That paves the way for a new aviation treaty between the European Union and the U.S.
Such an "open skies" agreement would allow EU and U.S. airlines to fly wherever they want and charge whatever they want for trans-Atlantic flights.
Advocates hope such a deal will increase air travel, lower air fares and create jobs.
Opponents say they are concerned that the plan could undermine national security.
"First it was our ports, and now it's our airlines," said Sen. Frank Lautenberg, D-N.J., who called the plan dangerous.
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American Airlines executives and about 300 union employees joined together Wednesday to argue that Congress should protect pensions -- just as four other major airlines are abandoning or trying to...
Northwest Airlines Inc. wants to make sweeping changes to its pension plan to ease one of its major expenses and possibly make it easier for other major airlines to pay pension obligations.
Labour unions, some airlines and their allies in Congress fear it would cost US jobs and allow foreign control over an industry critical to national security.
The revision strengthens restrictions on foreign investors' abilities to make decisions about safety, security and national defense obligations.