Aviation Liberalisation & External Relations

Aviation Liberalisation & External Relations

Liberalisation has defined, in a very fundamental way, the European aviation industry. Since the creation of the single European market – which remains to date a unique achievement – in 1993, the number of air routes within the EU has increased by 170%. And beyond growth, the nature of the industry has also changed, with the resulting competitive pressures transforming both airlines and airports alike. Liberalisation will define the future of European aviation too, as it extends beyond Europe’s borders. However this time there is an added impetus. As the global economy shifts towards Asia-Pacific and Latin America, Europe does not have the luxury of time. New economic realities, alongside improved aircraft technology, mean that Europe risks becoming bypassed as a premier global aviation hub. Reaching out to these up and coming economies offers a chance to mitigate against this. And securing agreements with these countries, before they sign similar such agreements amongst themselves, offers Europe the chance to strengthen existing ties while establish new ones, reinforcing its current position as a global aviation hub.

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