U.S.-EU Open Skies agreement takes effect

As of Sunday night, all U.S. airlines may serve London's Heathrow Airport, and EU airlines may fly to the U.S. from any EU airport. Observers say this new Open Skies agreement will result in lower fares and fewer security hassles for travelers. EU officials are now pushing for the elimination of airline ownership restrictions, a move that some observers say could lead to global consolidation.

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