The Sydney-based Centre for Asia Pacific Aviation urged Asian governments to speed liberalization of bilateral restrictions hindering air transport in the region. Speaking at Outlook 2007, CAPA's third annual regional airline summit in Singapore, Executive Chairman Peter Harbison told delegates that low-cost carriers represent only 5% of the market in the region, which has a population of roughly 3.5 billion, whereas 60 LCCs serve a population of 375 million in Europe and account for 20% of ...

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