Avoidance of double taxation for international air transport exempts cross-border airline profits from taxation in the other state. Agreement prevents double taxation of income from international air transport by exempting profits earned by an enterprise of one Contracting State from operation of aircraft in international traffic from taxation in the other Contracting State, extends that exemption to pooled or joint operations and interest directly connected with such operations, defines covered taxes and key terms, preserves domestic assessment procedures except where the Agreement provides otherwise, and sets rules for entry into force, retroactive application to specified earnings and termination by notice.