newstodate.aero
Aug 28, 2019 (newstodate): Delegations from USA, EU, Norway, and Iceland signed an agreement on August 27, 2019, allowing European carrier to enter wet-lease contracts with US airlines.
European Community regulations that also applied to Norway and Iceland for years severely limited U.S. carrier ability to wet lease to EU carriers. At the same time, EU carriers faced no such limitations under DOT regulations when providing aircraft and crew either to each other or to U.S. carriers, DOT says in a release.
-DOT, along with other U.S. Government agencies, took a number of steps in an effort to resolve the problem, and today’s signing represents a successful culmination of those efforts.
-The agreement removes the limitations that had been imposed on U.S. carriers by the EC regulations. U.S. carriers will now be able to compete fairly in the marketplace, more broadly offering their services in worldwide markets, and gaining a valuable chance to benefit from the new commercial opportunities, the release reads.
The new agreement will thus allow European carriers such as Norwegian to wet-lease US aircraft and crews to fill gaps in own production or expand services