Great news. Here's the BBC report:
http://news.bbc.co.uk/1/hi/business/6477969.stm
This is terrific; there is need for some clarification, particularly in relation to when the deal will take effect. Some have been saying March 2008 (but I think - and hope - that only applies to LHR) and it remains to be seen if anything sought by the UK is likely to undermine the chances of approval by the US. We'll see, I guess.
For now, just savour the moment.
Expect a significant announcement from EI as well ...