Reagan - it comes down to ownership as, I have already explained. Skippy doesn't own BA.
As for the US carriers operating N reg aircraft in Europe - now there we agree. Various European countries are permitting the Yanks to do what the Yanks refuse European airlines permission to do. <img src="mad.gif" border="0"> <img src="eek.gif" border="0"> <img src="mad.gif" border="0">
The Yanks want Open Skies - as long as it's their version of Open Skies, that benefits their airlines. They do not want to provide cabotage; derived fifth freedom, dispense with the Fly America policy or any of their other protectionist, anti-competitive measures.
Not terribly sporting, is it?