2. • refers to a relaxation of previous government
restrictions
• refers to loosening or removal of controls so that the
party involved gets encouragement
3. • has led to substantial economic and traffic growth
• increased competition in the aviation market
• productive efficiency
• improve productivity, and eliminates inefficient
carriers out of the market
• positive externalities to the overall economy
Positive Effects ofPositive Effects of
LiberalizationLiberalization
4. • a contract to liberalize aviation services, usually
commercial civil aviation, between two contracting
states
• allows the airlines of both states to launch
commercial flight
Bilateral Air TransportBilateral Air Transport
AgreementAgreement
5. • involves more than two contracting states
Multilateral Air TransportMultilateral Air Transport
AgreementAgreement
6. • a multi-national legal or trade agreement between
countries
• an agreement between more than two countries, but
not a great many
PlurilateralLiberalizationPlurilateralLiberalization
7. • a term coined when countries involved have
benefited from liberalization in general
Progressive LiberalizationProgressive Liberalization
8. **Countries leading deregulation and
liberalization scored various benefits for their aviation
industry as well as the overall economy.
