Return to our Home page Search
Click here for the hotel and hospitality news from around the globe Hotel, Travel and Hospitality Articles Videos and in-depth Interviews
CONCIERGE DESK
Read more now
Read more now
Read more now
Airports urge aviation liberalisation push between EU & ASEAN.
Friday, 14th February 2014
Source : ACI Asia-Pacific
 

As the 1st EU-ASEAN Aviation Summit kicked off on the 11th in Singapore, airports on both sides were quick to herald the benefits of opening aviation markets between Europe and ASEAN countries.

The airport trade bodies, ACI Asia-Pacific and ACI Europe expressed strong hopes that the Summit will pave the way for aviation negotiations to be initiated between the EU and ASEAN within a year. These negotiations should look at removing existing restrictions to the development of air services between the two partners, integrate their regional single aviation markets and seek regulatory alignment on essential issues such as safety, security and competition.

While the overall air traffic between Europe and ASEAN countries has grown significantly over the past 15 years, an increasing share of that traffic has leaked into indirect routings via competing airport hubs in between the two blocs. As a result, passenger traffic growth on direct routings has been sub-optimal in recent years, with seat capacity actually decreasing by -0.3% per annum since 2009. This is abnormal considering the strength of trade relations between the EU and ASEAN and the fact that the EU is the largest foreign investor in the ASEAN.

Redressing this anomaly and realising the potential for future traffic development requires a newer, fully open and liberalised air services agreement between EU and ASEAN.

Patti Chau, Regional Director ACI Asia-Pacific said “The Asian market, one of the fastest growing in the world, remains relatively segmented and regulated, thus undermining the competitiveness of the air transport industry and economy in the long term.  In the face of globalization and increasing competition, the opening of a dialogue between EU and ASEAN on single aviation market is very much welcome.”

She added “With ASEAN Single Aviation Market by 2015, better and more liberalised regulation will drive long-term benefits, paving way for faster traffic growth, better connectivity, increased airport service quality and fair competition.  We are already seeing many airports in Asia building extra capacity in anticipation of the growth this agreement could potentially bring.”

Olivier Jankovec, Director General ACI Europe commented “Liberalising aviation between the EU and ASEAN is not just about normalisation - it is about upping our game in response to increasing competitive pressures from other regions. It is about boosting our own position as global aviation hubs. We need to seize this opportunity for first mover advantage before others reap the full benefit of unrestricted market access.”
 
He added “Europe’s airports are fully behind the European Commission’s efforts to open aviation markets with the EU’s main trading partners of comparable market size. Beyond our own positioning, experience shows that consumers are the biggest winners from aviation liberalisation, and that there are other far-reaching benefits. For us as airports, it is about unleashing our potential to act as engines of economic growth for our communities – something not to be overlooked given the urgency of sustaining Europe’s economic recovery.” 

~ Important Notice ~
Articles appearing here contain copyright material. They are meant for your personal use and may not be reproduced or redistributed. While 4Hoteliers makes every effort to ensure accuracy, we can not be held responsible for the content nor the views expressed, which may not necessarily be those of either the original author or 4Hoteliers or its agents.

Learn more about DigiJames - in room technology
Advertisment  
 Related News  (Click title to read article)
The new normal - Airlines and airports today are looking at an uncertain future.
Airport IT investment set to reach $6 billlion.
Airline passengers in India ready for 'revolution'.
Singapore's Changi Airport breaks ground for T4.
 Latest News  (Click title to read article)
Using science fiction to innovate
Wednesday, 20th August 2014

5% increase in passenger traffic in first half of 2014 recorded
Wednesday, 20th August 2014

3 things hoteliers must budget for in 2015
Wednesday, 20th August 2014

US resorts spark investor interest
Wednesday, 20th August 2014

Hospitality2015: game changers or spectators?
Wednesday, 20th August 2014
 Latest Articles  (Click title to read article)
Ritz-Carlton Brings Brand Insights To LinkedIn
Wednesday, 20th August 2014

Global Update: Who's Where and Doing What - July 2014
Wednesday, 20th August 2014

SEO is a Journey, Not a Destination
Wednesday, 20th August 2014

Smartphone Check-Ins: Not Quite an Aladin's Lamp
Tuesday, 19th August 2014

How Hotels Can Engage Gen X and Millennial Guests
Tuesday, 19th August 2014
 Most Read News  (Click title to read article)
Thailand Situation Updated - June 27: Thailand tourism gets stronger than ever
NH Hotel Group disposes Amsterdam asset
NH Hotel presents new category of hotel: NH Collection
Singapore Airport T4: Ready for future growth
World's weirdest hotel requests and complaints

© Copyright 4Hoteliers 2001-2014 ~ unless stated otherwise, all rights reserved.
You can read more about 4Hoteliers and our company here

Use of this web site is subject to our
terms & conditions of service and privacy policy