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Liberalisation of air cargo industry

October 9, 20150Air CargoTrucking

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Liberalisation of air cargo industry

October 9, 2015 0Air CargoTrucking

Air transport plays a pivotal role in tourism and enables trade over long distances of both time-sensitive and high-value goods. It has enabled travellers and shippers to bridge large distances and has brought far away destinations much closer to home. However, air transport is one of the most regulated industries in the world. Much of this regulation is safety-related, to mitigate the inherent risks tied with aviation. Air transport is also subject to a body of economic regulation that can prescribe which airline flies which route, at which frequency, capacity, prices, and even the nationality of its owners and decision makers.

Air transport plays a pivotal role in tourism and enables trade over long distances of both time-sensitive and high-value goods. It has enabled travellers and shippers to bridge large distances and has brought far away destinations much closer to home. However, air transport is one of the most regulated industries in the world. Much of this regulation is safety-related, to mitigate the inherent risks tied with aviation. Air transport is also subject to a body of economic regulation that can prescribe which airline flies which route, at which frequency, capacity, prices, and even the nationality of its owners and decision makers.


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