Monday, April 29, 2013

NEWS | The how and what of air traffic rights

The historical equity deal between Jet AirwaysBSE -0.49 % and Abu Dhabi-based airline Etihad largely depended on the much talked-about bilateral traffic rights, which India and UAE revised on the day of the deal. But...

WHAT ARE BILATERAL TRAFFIC RIGHTS?


A bilateral air service agreement (ASA) or air transport agreement (ATA) is one whereby two nations allow their respective airlines to launch flights into each other's territory. Bilateral rights are national assets and are agreed upon between two countries not for the sake of enhancing transport alone but also to further and deepen diplomatic ties. The government and industry gets to negotiate the bilateral traffic rights.


SOURCE:http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/the-how-and-what-of-air-traffic-rights/articleshow/19734031.cms
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