The concept of open skies policy is an international policy concept which aims to
liberalize of rules and regulations on international commercial aviation industry. For
developed countries, by allowing air carriers unlimited market access to its partners’
markets and the right to fly to all intermediate and beyond points, open skies agreements
provide maximum operational flexibility for airline alliances. They may have the best
opportunities, as they will be best able and in the best position to offer the best product to
the better part of the air traffic market. On the contrary, for developing countries, open
skies policy may cause more harm to the interests of airlines than bring economic gains
to the countries. Further, it will lead to a domination of the international air transportation market by the biggest and most developed countries that finally it will
return the situation to monopolistic system. To take care of emerging needs, it would be
more appropriate to periodically renegotiate the existing bilateral agreements. |