by Megersa A. Abate and Panayotis Christidis
The European Union has been at the forefront of market liberalization in international air transport for the last few decades, relaxing the conditions of market access such as airline designation, fare setting, and flight frequencies. After deregulating its domestic market in the 1990s, in 2005 the EU began exporting its open market policies to its neighbors and key strategic partners through comprehensive aviation liberalization packages. With this pioneering approach, individual countries handed over the economic regulation of their international air markets to regional bodies like the EU. This ushered in the era of a potential multilateral approach for achieving global air transport market liberalization.
Access the Economic Effects of the EU External Aviation Policy Report here.