ASEAN’s Single Aviation Market: Many Miles To Go
Multilateralism has played a very small role in airline liberalisation. The European Union is a powerful example, but that was a unique situation, which came as part of a much wider compact. So, less than perfect though it may be, moves in Asia towards multilateral 'open skies' offer considerable hope for a much more open trading system as rapid growth smooths differences.
The 10-member Association of SouthEast Asian Nations (ASEAN) has set a 2015 deadline to establish a Single Aviation Market for the region. The popular media, together with aviation observers, airlines and even aircraft manufacturers, tends to get excited about the prospects for unlimited air passenger travel within ASEAN.
Yet, the reality is more complex - the single market is unlikely to be realised in substance, certainly not by 2015.
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