SINGAPORE: Truly open skies for ASEAN nearing reality
China and the Association of South East Asian Nations (ASEAN) are set to sign two air service pacts that are likely to remove barriers to competition in the region, according to SingaporeÃ¢â‚¬™s transport minister Raymond Lim. He said negotiations between China and ASEAN over the creation of Ã¢â‚¬Å“a liberal air services regimeÃ¢â‚¬Â were expected to […]
March 1, 2010
Lim added that a second agreement, which would replace a two-year-old pact allowing limited competition on routes between ASEAN capitals with one allowing virtually unrestricted competition within five years, is also close to being finalised. The Asia Pacific region accounts for 25 per cent of global passenger traffic, according to the International Air Transport Association (IATA). Last year, passenger numbers in the region rose to 647 million, overtaking the North American market for the first time.