Title: Framing the discussion on regulatory liberalisation: a stakeholder analysis of Open Skies, ownership and control

Authors: Alex Cosmas, Peter Belobaba, William Swelbar

Addresses: Global Airline Industry Program, Massachusetts Institute of Technology, 77 Massachusetts Avenue, Room 33-318, Cambridge, MA 02139, USA. ' Global Airline Industry Program, Massachusetts Institute of Technology, 77 Massachusetts Avenue, Room 33-318, Cambridge, MA 02139, USA. ' Global Airline Industry Program, Massachusetts Institute of Technology, 77 Massachusetts Avenue, Room 33-318, Cambridge, MA 02139, USA

Abstract: This paper provides a framework for the ongoing debate over regulatory liberalisation in air transportation. With a focus on the US debate surrounding the Stage 2 negotiations of US-EU Open Skies, we present a stakeholder analysis of foreign ownership restrictions and the implications of change for those air transportation stakeholders with the most direct impacts. Literature from academic journals and trade publications is reviewed to reinforce the stakeholder analysis. The stakeholder analysis concludes with a discussion of vehicles for regulatory liberalisation and the competitive environment looking beyond the first stage of US-EU Open Skies.

Keywords: air transport; regulatory liberalisation; foreign ownership; control; Open Skies agreement; foreign investment; aviation industry; stakeholder analysis; USA; United States; European Union; airlines.

DOI: 10.1504/IJAM.2011.038291

International Journal of Aviation Management, 2011 Vol.1 No.1/2, pp.17 - 39

Published online: 28 Feb 2015 *

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