Get ready for a new round of fare wars starting in March of 2008!
As part of this agreement:
-All US and European based airlines may fly from London Heathrow into the US (Previously only AA, British, Virgin, and United could)
-US airlines can now fly and sell tickets to any European city, including intra-Europe flights. (Previously all flights had to either originate or terminate in the US, and even US-Europe flights required specific permission to each airline from each country.)
-European airlines can now fly from any European city into any US city. (Previously they could only fly to/from their home country)