in Air Transport

Liberalization of Air Transport in the EAC Contributes $202 Million per annum in GDP

Posted 14 May 2017 · Add Comment

Air transport liberalization within the East African Community (EAC) could earn the region 202.1 million U.S. dollars in gross domestic product (GDP) annually, reports Hillar Muheebwa

This is according to a new study report, Costs and Benefits of Open Skies in the East African Community. The report was commissioned by the East African Business Council (EABC) and the East African Community (EAC) Secretariat.
EABC meeting to validate the findings of the Study took place on Wednesday 10th May, 2017 at Hilton Hotel, in Nairobi, Kenya.
The study said the airspace liberalization among Tanzania, Kenya, Uganda, Rwanda and Burundi could also result in an additional 46,320 jobs.
The study focuses on the impact of implementing the Yamoussoukro Decision (YD) in East which among other things, call for African countries restrict their air services markets to protect the share held by state-owned air carriers.
The Yamoussoukro Decision was adopted in Yamoussoukro, Côte d'Ivoire on 14 November 1999. It promised to create a single air transport market across Africa by 2002, tearing down existing bilateral regimes. It was signed by 44 member states of the African Union, but has never been operationalised.
Study analysis reveal compelling evidence that full liberalization of restricted routes leads to 9% lower average fares and a 41% increase in frequencies, which in turn stimulate passenger demand.
"The study analysis demonstrates that increased air service and traffic resulted in positive benefits for the total EAC economy," said Lilian Awinja, EABC chief executive officer.
She urged EAC member states to harmonize air transport regulations specifically taxes across the region and finalize the EAC Liberalization of Air Transport Regulations also fully implement Yamoussoukro Decision.
 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Congo Airways revises fleet expansion plans

Congo Airways is considering both Airbus and Boeing products for its narrow-body fleet expansion plans the carrier's Chief Executive Officer Desire Balazire has disclosed, reports ch-aviation.

Embraer appoints CCO for Executive Jets business unit

Embraer has appointed Stephen Friedrich as Chief Commercial Officer for the Company's executive aviation business unit, effective immediately.

Flying Colours appoints Trevor Knox as director of maintenance

Flying Colours, the North American maintenance, refurbishment and completions company that does business in Africa, has confirmed the appointment of Trevor Knox as Director of Maintenance. Knox, who takes up the position with

Lagos slumps as travel to Africa displays double-digit growth

An analysis of seat capacity for travel to the top ten international airports in Africa, produced by ForwardKeys, reveals that Lagos is seeing substantial declines in both domestic and international capacity, mainly because Arik Air

FlightSafety Academy introduces Growth and Achievement Programme for new students

FlightSafety International, that has a Learning Centre in South Africa, has announced a new Integrated Growth and Achievement Preparation Programme for students entering the FlightSafety Academy in Vero Beach, Florida.

Boeing board elects Caroline Kennedy as new director

The Boeing board of directors has elected Caroline B. Kennedy as a new member.

Aviation Africa SK18418
See us at
AfBAC Expo BT2017Aviation Africa BT18418ACI Africa BT77181017GroundHandling BT0303280917Global Aerospace BT28218