|Author (Corporate)||European Commission|
|Series Details||COM (2019) 256|
Proposal presented on 5 June 2019 by the European Commission on the signing of the Wet Lease Agreement between the United States, the European Union, Iceland and Norway.
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) has been negotiated by the European Commission, as authorised by the Council of the European Union in December 2016.
It 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.
|Subject Categories||Mobility and Transport|
|Subject Tags||Air Transport|
|Countries / Regions||United States|
|International Organisations||European Union [EU]|