On the heels of the Open Skies agreement between the U.S. and Europe comes the possibility of a similar liberalization of air travel between the U.S. and China.
Though no agreement exists yet, there's talk of a deal being reached by May. Aviation Week has more details.
As we saw during the major PR battle between four airlines earlier this year over the lone new route opening between the two countries (United won the spot with its D.C.-to-Beijing route), air travel to China is a big deal. Airlines are falling all over themselves to get a piece of the profit. But as with the European Open Skies deal, passengers should benefit from the increase in choice and competition, meaning airlines won't be the only ones to profit.