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Ashwini Phadnis

New Delhi, Dec. 27 The International Air Transport Association (IATA) is seeking changes in ownership of airlines and the bilateral air services agreements, and is keen that India and China play an active part in starting the debate on the guidelines that would change the rules governing the global airline industry.

At the moment, ownership of airlines is restricted in many markets and bilateral air services agreements between countries largely decides which airline is allowed to operate between which points. All these measures are considered restrictive.

IATA feels that with the Asia-Pacific region expected to continue to register the growth being witnessed at present, it was only natural that India and China be involved in the framing of new guidelines for the aviation industry. The two nations are the largest markets in the Asia-Pacific region, which accounts for roughly 26 per cent of the global aviation industry today, and IATA believes will have an over 30-32 per cent share in 2012.

“We have to have the courage to say that we can handle aviation like any other business with the sole exception of safety and regulations. With growth, countries also need to take into account the responsibilities that this represents.

“Growth also represents a great opportunity because you develop a new mode of transportation as you have more people flying. Nobody is trying to imagine the world with a different set of rules,” the IATA DG, Mr Giovanni Bisignani, told Business Line.

As part of the initiative, IATA is organising a leadership summit in Singapore in February next year.

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‘India, China role vital for change in global aviation rules’

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