Bermuda agreement

  

Definition

Bilateral agreement between the US and the UK in 1946 at Hamilton, Bermuda. It added three more freedoms to the two granted in the 1944 Chicago convention. The 3rd and 4th freedom covered the right of an airline to pick up cargo and/or passengers from its home country for flight to and discharge at another country. The 5th freedom granted the right to pick up cargo and/or passengers from another country for flight to and discharge at any point outside of that country and the home country. It served as a model for other such bilateral accords and was supplemented by the Bermuda II agreement in 1977 that restricted the number of airline seats available between the US and the UK. The new accord meant to encourage greater competition by allowing more airlines and new routes between the two countries to achieve lower airfares.

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