Brexit and aviation Part 3: Importance of Asian models and liberalisation moves will be accelerated
New cross-border operating alternatives in the international arena are emerging, as times change and the global balance of power shifts towards Asian markets. One option to preserve trans-border networks for airlines is to replicate the prolific Asian LCC JV networks that allow multiple licences in individual jurisdictions while maintaining a common brand. This is no easy solution, is not guaranteed and introduces challenges.
But, as the major EU LCCs review their options in the new environment, there is little doubt that the biggest losers if the UK were excluded from the single aviation market would not be the UK or the EU; those who suffer most will be Europe's consumers and regional economies.
The prospects for a continuation of the single market are good, yet the world is changing fast as Asia's airlines and investors and their governments increasingly gain a voice in shaping the future. For every step backwards that Europe - previously a leader in liberalisation - takes, so the Asian aviation influence accelerates. Mostly this is progressing in a more liberal direction, where Europe's likely course now is regressive.
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