International air transport is at a crossroads. The aviation industry's center of gravity has moved toward the East, with main hubs in the Gulf region and ever-increasing passenger markets located in Asia. Long-haul inter-continental low-cost-carriers have emerged. Global alliances and their effects on competition have come into question. These outcomes have led to a reignited interest in the issue of liberalization in aviation: European regulators now need to balance concerns about fair competition with their own decades-long push for the multilateral liberalization of the aviation industry.
Connections : Knowledge Notes from the Transport and ICT Global Practice
Connections is a series of concise knowledge notes from the World Bank Group’s Transport and ICT Global Practice. Connections discusses projects, experiences, and front-line developments in Transport and ICT. This set includes notes from 2015 and 2016.