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TheStreet Open House

Frost & Sullivan: Southeast Asian Aviation Industry Poised For Success With The Implementation Of Open Skies Policies By 2015

KUALA LUMPUR, Malaysia, March 11, 2013 /PRNewswire/ -- The recent continued reform of various agreements is expected  to drive the development of 'Open Skies' policies in various regions of Southeast Asia, which in turn will increase air travel and boost growth of the aviation industry in the region.  Increased flexibility, route coverage and profitability as a result of these open skies policies is expected to contribute to these developments.  

According to Neil Dave, Consulting Analyst, Aerospace & Defense, Frost & Sullivan Asia Pacific, "The ASEAN aviation market will develop significantly in the next few years with considerable increases in infrastructure investment and planned policies in the making which will encourage this growth momentum."

"Consumers will look to benefit from increased choice of destinations, routes and greater affordability with rising standards of living and cost-savings passed down from airlines due to improved efficiency and maximization of profits," added Dave.

According to Frost & Sullivan, the demand for a well-knit air travel infrastructure system and the increasing demand for low-cost travel are the main drivers for the implementation of open skies policies in the ASEAN region.

"Many ASEAN countries currently lack comprehensive and well developed ground transport infrastructure and countries in these regions are divided by vast seas, therefore there is a demand for a well-knit, flexible air-transport system," said Dave.

"Also, with the increasing popularity of air-travel as mode of transport, there is a rise in demand for low cost travel among countries in the ASEAN region which are not connected," Dave continued.

However, the implementation of open skies policies may adversely affect growth of aviation, especially in countries with a developing aviation industry. Stiff competition from mature, foreign players may eventually squeeze out smaller players from a developing aviation industry leading to loss of aviation related jobs.

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