Double taxation relief for international air transport: profits of designated airlines exempt from tax in the other jurisdiction, covering pools. Profits derived by an enterprise of a Contracting State from the operation of aircraft in international traffic shall be exempt from tax in the other Contracting State. This exemption also applies to profits from participation in a pool, joint business or international operating agency, and interest on funds connected with the operation of aircraft in international traffic shall be regarded as profits from such operation. The Agreement applies to the specified income taxes of each Contracting State and to substantially similar taxes enacted later.