In view of its success in nurturing a thriving automobile industry–the ninth largest in the world–and as Asia edges toward becoming the world’s largest growth market for aviation, Thailand’s Board of Investment (BOI) is considering building an aerospace industry starting with Tier 2 and Tier 3 suppliers servicing global OEM supply chains.
Association of Southeast Asian Nations
The helicopter industry in Asia has taken a first step toward tackling unfavorable safety statistics in the region with the creation of the Asean helicopter safety team (AHEST). The new group, representing the 10 countries of the Association of Southeast Asian Nations (Asean) and China, held its inaugural steering committee meeting last month. Airbus Helicopters Southeast Asia hosted the gathering in Singapore, attended by 15 participants representing manufacturers, operators, regulators and customers.
Long hindered by political and economic sanctions, Myanmar has emerged as one of the remaining frontier markets in Southeast Asia. Since the 2012 elections, the Thein Sein Administration has taken great strides to unlock the country’s economic and tourism potential. A highly competitive market has developed in just two years.
Singapore’s transport minister, Lui Tuck Yew, has called for Asian nations to liberalize air transport policies, and build connectivity and infrastructure in the region. He was speaking at the Aviation Leadership Summit, held on February 9 in Singapore.
The Single Aviation Market (SAM) of the 10-member Association of Southeast Asian Nations (ASEAN) is not coming about as fast as some had hoped–the aim had been by 2015. This is despite the advantages they see through liberalization of air services under a single and unified air transport market.
Despite Indonesia’s apparent ambivalence toward an open skies policy among the 10-member Association of Southeast Asian Nations (Asean), Garuda Indonesia continues to prepare for its home country’s full participation in the accord when it takes effect in January 2015. Most recently, on November 25, the Indonesian flag carrier introduced a new sub-brand called “Explore” ahead of a December 3 launch into service of its first ATR 72-600.
The Association of Southeast Asian Nations (Asean) open-skies agreement, to be implemented by 2015, will open up big business in the region for aircraft OEMs, according to Dinesh Keskar, Boeing Commercial Airplanes senior v-p of sales Asia-Pacific and India. The agreement is intended to boost connectivity and increase traffic growth by granting open market access to all international airports in Southeast Asia to airlines of the 10 Asean member states.