Photo credit: DiasporaEngager (www.DiasporaEngager.com).

EAC Partner States need to fast-track implementation regulations on the liberalisation of air transport An extra 155,000 jobs and US$1.3 billion in annual GDP would be created if 12 countries opened their skies. Africa has formed the Single African Air Transport Market (SAATM) to spearhead a single unified air transport market to advance the liberalization of civil aviation in Africa. In the spirit of creating a single market and increased integration of Africa’s 54 nations, stakeholders want airlines operating within the continent to lower fares. Recent research by the International Air Transport Association (IATA) showed that ‘if just 12 key Africa countries opened their markets and increased connectivity, an extra 155,000 jobs and US$1.3 billion in annual GDP would be created in those countries.’ These are significant figures by any measure and IATA, the trade association for the world’s airlines, representing some 260 members, maintains that lowering flight prices in Africa is the best way forward for all countries involved. Also Read: African aviation has potential to rake in $29 billion Africa has the Single African Air Transport Market (SAATM) which to date, has 34 countries already signed up. The 34 countries represent over 80% of Africa’s existing aviation market which

Source of original article: Industry and Trade – The Exchange (theexchange.africa).
The content of this article does not necessarily reflect the views or opinion of Global Diaspora News (www.GlobalDiasporaNews.com).

To submit your press release: (https://www.GlobalDiasporaNews.com/pr).

To advertise on Global Diaspora News: (www.GlobalDiasporaNews.com/ads).

Sign up to Global Diaspora News newsletter (https://www.GlobalDiasporaNews.com/newsletter/) to start receiving updates and opportunities directly in your email inbox for free.