More than 46,000 jobs and $202 million could be added to the region’s growth domestic product (GDP) per annum if East African Community (EAC) member countries embrace the open sky policy, a new study indicates.
The study by the East African Business council (EABC) estimates that liberalisation of the airspace between the six EAC countries could result in an additional 46,320 jobs and $202.1 million per annum in GDP.
According to the study, there is compelling evidence that full liberalisation of restricted routes will lead to about 9 per cent lower average fares and a 41 per cent increase in frequencies, which in turn will stimulate passenger demand across the region. Read more. Source | New Times