ICAO, the US Federal Aviation Administration and the European Commission reportedly agreed to establish a common information-sharing network to enhance global airline safety (Wall Street Journal, 30-Mar-2010). The agreement is expected to help regulators and carriers in developed countries enhance safety. Full-scale implementation of the agreement is expected to take several years.
IATA: “[The agreement is] the first time the global aviation community has come together to work on a global safety information exchange. Data must drive our actions so that we can focus our joint efforts on reducing the greatest risks," Giovanni Bisignani, Director General & CEO. Source: Wall Street Journal, 30-Mar-2010.