|Author (Corporate)||European Union|
|Series Title||Official Journal of the European Union|
|Series Details||L 245|
Agreement between the United States, the European Union, Iceland and Norway aiming to promote flexibility in operating arrangements between airlines to lease aircraft with crew (Wet Lease Agreement).
The Agreement with Respect to Time Limitations on Arrangements for the Provision of Aircraft with Crew between the United States of America, the European Union, Iceland, and the Kingdom of Norway (the Wet Lease Agreement) builds on the Air Transport Agreement (ATA) between the EU and the US, which was signed in April 2007, and confirms the establishment of clear and non-restrictive wet lease arrangements involving the airlines of the parties, thereby providing more precision to the respective provisions of the ATA.
The Wet Lease Agreement will not only resolve the current dispute on the application of the relevant provisions of the ATA, it will also provide clarity and legal certainty for future arrangements affecting EU, Icelandic, Norwegian and US air carriers. It is also expected to create new business opportunities and enhanced cooperation for air carriers of all sides.
The Agreement was negotiated by the European Commission, as authorised by the Council of the European Union in December 2016. On 5 June 2019 the Commission presented proposals for the signing and conclusion of the Agreement. The signing was approved on 18 July by Council Decision (EU) 2019/1580.
|Subject Categories||Mobility and Transport|
|Subject Tags||Air Transport|
|Countries / Regions||Iceland, Norway, United States|
|International Organisations||European Union [EU]|