Civil aviation is a highly protected industry where the impact of the economic globalisation is invisible. National control over foreign ownership and control over cabotage restricted this industry to become a fully globalised industry. Based of the theory of economic liberalisation, in 2007 The European Commission, had coined in the idea of a establishing a transatlantic open aviation area (OAA) where there will be no- control over foreign ownership and control and over cabotage. The EC argues that the transatlantic OAA would liberalise the 60% of global civil aviation. Both sides of Atlantic strikes the first phase of two phased agreement. This book analysed the historical phases of civil aviation and gradual changes that happened over the times in the EU and the US civil aviation industry. In the context of first phase agreement main objective of this book is to examine the agreement and its potential possibility to become a successful model for a globalised civil aviation industry. ukryj opis