Airports
UAE Supports Open Skies Initiative
The UAE government signed a non-binding agreement with six other states and the European Commission outlining principles to liberalize the global airline industry. The International Air Transport Association (IATA) said the agreement is aimed at boosting the airline industry which has lost US$53 billion (Dh194.66bn) over the past eight years. It would change a 65 year old bilateral system that restricts the way airlines can do business. For example airlines are not allowed to merge across borders because of national ownership requirements.
Director General and chief executive of IATA explained “Sixty five years ago, when airlines were divisions of the state apparatus, the bilateral system and its restrictions made sense.” He said now these restrictions are holding airlines back. Other previously regulated industries became more open a long time ago. In September, IATA forecast the regions commercial airlines would lose $500 million, down from their previous forecast of $1.5 billion.
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Location: Ministry of Culture, Youth & Sports Stoney Road/James Peace Road Bandar Seri Begawan BS 8610 Negara Brunei Darussalam Tel: +673-2240166-9 Established in 1982, this centre aims to conduct research into the 600 year old history and culture of the country with special focus on the history and genealogies of the Brunei sultans. This place offers a library and ...
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