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ASEAN Airlines Poised For Rapid Growth

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LANGKAWI – Airlines in ASEAN countries are poised for rapid expansion over the next decade as they take on the delivery of an estimated 3,000 new commercial aircraft worth about US$500 billion by 2032.

Transport Minister Datuk Seri Liow Tiong Lai said the commercial aviation sector in ASEAN had great prospects for growth and progress was set to be driven by rising demand for air travel and increasing economic development and trade in the region.

He said the creation of the ASEAN Single Aviation Market (ASAM) was a key component of the roadmap for the establishment of the ASEAN Economic Community (AEC) this year.

“ASEAN governments have recognised the importance of air transport for economic development and have designated the industry as one of 12 priority areas in the establishment of the AEC,” he said when delivering his keynote address at the ASEAN Aviation Summit in conjunction with the Langkawi International Maritime and Aerospace exhibition 2015 (LIMA’15) here today.

Liow was confident that the liberalisation of ASEAN’s aviation sector would be a major catalyst for the region’s economic growth by 2030.

He said international visitors arrival to ASEAN has grown tremendously over the years, with a total of 97.2 million international tourists visited the 10 member states last year.

“However, a booming aviation sector for ASEAN cannot be devoid of strengthening and improving safety and security measures,” he said.

He added growth must come with responsibility and must be led by adhering to and improving safety and security standards.

“Learning from the unprecedented circumstances of MH370, I have presented to the International Civil Aviation Organisation (ICAO) council the recommendation to establish requirement for real time global tracking of commercial aircraft and extending transmission life of underwater locator,” he said.

He said ICAO would be making their recommendation for real time global tracking by Aug 31 this year. – BERNAMA


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