(MENAFN - The Peninsula) The Peninsula
Doha: CAPA Qatar Aviation, Aeropolitical and Regulatory Summit concluded yesterday with unveiling of Doha Declaration which called for a serious global review of relevance of aviation regulatory framework. The two-day summit featured over 30 expert speakers from across the airline, legal and government sectors who discussed the latest developments in international aviation regulation, both within the Gulf region and globally.
'75 years after the aviation regulatory framework was established, it is time for a serious global review of its relevance today; The 'business of freedom underpins 10% of global GDP. It is too important to be constrained by economic regulation that was designed to meet entirely different conditions, said Doha Declaration which was released on the second day of the high-profile summit.
The recommendations of the declarations said that governments should relax restrictive airline ownership and control rules, which underpin the bilateral air services system, constraining rationalisation of market access.
The governments should increase efforts to encourage plurilateral liberalisation, for example as promoted by the European Union.
The recommendations proposed that the governments should enhance sustainability in its broadest meaning in the aviation sector and actively encourage aeropolitical discussion and further engagement at the highest levels.
CAPA is one of the world's most trusted sources of market intelligence for the aviation and travel industry, with a global network of researchers and analysts located across Europe, North America, Asia and Australia.
Established in 1990, CAPA hosts a series of global summit events in key markets throughout the year, offering valuable networking opportunities and in-depth insight on the issues and trends that are shaping the global airline industry.