Under the agreement announced late Friday, airlines from both countries would be allowed to select routes and destinations based on consumer demand for both passenger and cargo services without limitations on the number of U.S. or Japanese carriers that can fly between the two countries or the number of flights they can operate.
It would remove restrictions on capacity and pricing, and provide unlimited opportunities for cooperative marketing arrangements between U.S. and Japanese carriers.
The agreement likely will prompt Japan Airlines and All Nippon Airways to seek joint ventures with U.S. airlines.
