Air Transport Network Development and Challenges to East Asian Airlines and Policy Makers. Prof. Tae Hoon Oum.
|
|
- Clarissa Carson
- 7 years ago
- Views:
Transcription
1 Prof. Tae H. Oum, Air Transport Network Development and Challenges to East Asian Airlines and Policy Makers Prof. Tae Hoon Oum President, The Air Transport Research Society (ATRS) UPS Foundation Chair of Transport & Logistics, The University of British Columbia, Canada *Some slides used in this presentation was adapted from Oum and Yamaguchi, the keynote presentation given at the Inauguration Ceremony of the ITPU at Tokyo University, December 15, 2005)
2 Prof. Tae H. Oum, Outline Global Economy and Air Transport Air Transport in East Asia: Present and Future Challenges for regulatory reform Goals for Regulatory Reform and A Proposal
3 Prof. Tae H. Oum, Global Economy and Air Transport
4 Economic Growth and Air Traffic Prospects Stable economic growth expected: global economies to continue to grow: 3-4% per year in average. Growth continues in most Asian countries, although significant differences in per-capita incomes will persist -World s air traffic will continue to grow in average 4-5% per year (passenger) and 5-7% per year (cargo) Prof. Tae H. Oum,
5 Prof. Tae H. Oum, International Trade Global trade to grow continuously; so will cross-border investments East Asia, now the manufacturing hub, and growth engine of world economy. China-Japan-Korea+ASEAN accounts for ¼ of global trade. East Asian free trade region may be realized some point in the future;
6 17,000,000 Global Trade (Export+Import) Global Trade $ million 15,000,000 13,000,000 11,000,000 9,000,000 2,817,849 (+165%) 834,250 (+174%) (18.4%) (5.4%) Japan+China+S. * Korea ASEAN Rest of the World 7,000,000 1,062, ,499 5,000,000 5,723,222 3,000,000 (15.0%) (4.3%) (80.7%) 11,684,848 (+116%) (76.2%) Source: World Bank Prof. Tae Oum, Sauder School of Business, UBC
7 Prof. Tae Oum, Sauder School of Business, UBC Growth exceeds GDP growth; Asia-Pacific expected to out-perform other markets Data Source: Boeing
8 Prof. Tae Oum, Sauder School of Business, UBC
9 Prof. Tae Oum, Sauder School of Business, UBC Mid to Long Term International Aviation Demand Forecast Agency ICAO IATA ACI FAA Boeing Airbus Period Pax Growth (%) Asia/Pacific Worldwide Cargo Growth (%) Source: ATRS 2006 presentation by Mr. Masahiko Kurono, President of Narita International Airport Authority, Japan
10 Global Trends in Air Transport Liberalization of international air transport will continue, via bilateral and/or multilateral process; But the regulatory system may have to move closer to the WTO approach: tying with trade liberalization; Cross-border investments in airlines to increase Low cost carriers will advance to short-/medium distance international markets EU single market and North American open skies market will continue to be integrated; Network airlines will benefit from multiple-hub airline systems and/or by linking up their networks with strategic alliance partners Prof. Tae H. Oum,
11 Global Trend in Air Transport cont d Regional Bloc formation: Continentalization EU market integration begun in Australia = New Zealand Single Aviation Market (Trans- Tasman) Arrangements initiated in In regional markets, LCCs have established their business model, starting from US, then in EU, and now in Asia. Challenges legacy carriers business model even in middistance markets. Large liberalized markets in US and EU have driven the industry to become pro-competitive and more efficient. Prof. Tae H. Oum,
12 U.S. Hubs United San Francisco, Chicago, Denver and Washington Prof. Tae Oum, Sauder School of Business, UBC
13 U.S. Hubs - Northwest & Continental (Northwest: Detroit, Memphis, and Minneapolis Continental: Newark, Houston and Cleveland ) Prof. Tae Oum, Sauder School of Business, UBC
14 Air Canada (Toronto, Montreal, Vancouver, Calgary) Prof. Tae Oum, Sauder School of Business, UBC
15 Air France and KML merger: toward multi-hub network first case after single market created in 1997 Prof. Tae Oum, Sauder School of Business, UBC
16 Prof. Tae H. Oum, Air Transport Network in East Asia
17 Prof. Tae Oum, Sauder School of Business, UBC Population and Intra-regional Passengers, 2004 (millions) China+Japan +S.Korea US EU15 Population 1, intra-regional passenger
18 Prof. Tae H. Oum, Air Transport in East Asia: Present and Future: East Asian networks have been shaped historically by restrictive bilateral ASAs; fragmented and inefficient single hub networks.
19 JAL Network; inadequate to serve Asian market Prof. Tae H. Oum,
20 KAL Network; inadequate to serve Asian market Prof. Tae H. Oum,
21 Major Chinese carriers have single hub networks; inadequate to serve Asian market Prof. Tae H. Oum,
22 Cathay Pacific network; inadequate as an Asian network carrier Prof. Tae H. Oum,
23 Prof. Tae H. Oum, Air Transport in East Asia: Future Carriers should eventually become pan- Asian and multi-hub airlines; - just as the U.S. carriers have shifted to multi-hub system after the deregulation (25+ plus network carriers integrated into 6 major networks); - Similar integration is slowly happening in the EU market
24 Air Transport in East Asia: Future: cont d Each carrier would keep their current hub airport, but will establish secondary hubs in different airports in other regions of Asia (benefits on cost side; market side; and growth prospects); These pan-asian network carriers would compete vigorously in most of the Asian markets. Prof. Tae H. Oum,
25 Intra-regionally: Japan has 10% of Chinese population Domestic RPK (Boeing, CMO, 2006) China billion 596 billion Japan/Korea Asian air transport networks to be largely shaped around Chinese market; Scandinavian countries: 10% of continental western Europe population; SAS is now being marginalized in Europe Prof. Tae H. Oum,
26 Forward Looking Policy is needed: Pan-Am and TWA once were sources of American pride; We need to look back what happened with Pan-Am, TWA and why? (US protected their international markets; Most of the US domestic carriers were not allowed to enter Int l market); Protection of carriers may help flag airlines in the very short-run, but may put them in jeopardy in the long run by mortgaging their future! Prof. Tae H. Oum,
27 An Example of Asian Multiple Hub Carrier -1 Seoul, Shanghai and Hong Kong Prof. Tae Oum, Sauder School of Business, UBC
28 An Example of Asian Multiple Hub Carrier -2 Tokyo, Beijing and Singapore Prof. Tae Oum, Sauder School of Business, UBC
29 Prof. Tae H. Oum, Emerging Issues for Air Transport in East Asia (1/3) How should the air transport system be designed to serve the intensifying intraregional trade and economic integration taking place in the region? International air accessibility and airline network patterns will influence the long-run economic geography of East Asia. Policy makers should provide business environment within which regional air transport networks develop with an overall network efficiency in mind.
30 Prof. Tae H. Oum, Emerging Issue for East Asian Air Transport (2/3) Recent EU-US Trans-Atlantic Single Aviation market proposal, if ratified, would have a profound impact for the world s air transport industry Stronger competitive forces would make air carriers on both sides of the Atlantic to be far more efficient and competitive than Asian carriers (whose productivities are already much lower than U.S. or most European carriers)
31 Prof. Tae H. Oum, Emerging Issues for East Asian Air Transport (3/3) Major barriers to Air Transport Liberalization: Differential capabilities between flag carriers of different countries (more on this in next slides); Relatively easy to see who wins and who gains when liberalize the bilateral markets, especially in the short run; Nations tend to equate the gains/losses of flag airlines as the national gain/losses. Government policy makers and negotiators are closer to vested interests (airlines) than consumers or national economic interest.
32 Prof. Tae H. Oum, Japan But in recent years, Japanese carriers (especially JAL) has not performed as high growth as other Asian carriers, mainly because of their high unit cost situation; Japanese carriers are having to purchase much of their inputs from high-cost Japanese sources. Regional market integration would provide airlines with opportunities to source inputs from optimal location.
33 China Strongest and major growth market in the world. Problem for the industry is how to secure modern management skills and human resources; They feel they are less competitive than competitors Sharp difference between highly developed coastal regions and underdeveloped inland areas poses serious political problem. Some carriers will create secondary hubs in interior and western regions of China.. Prof. Tae H. Oum,
34 Prof. Tae H. Oum, Figure 5b China's Export by Country of Destination other 4% North America 22% Asia 52% Latin America 3% Europe 19%
35 Prof. Tae H. Oum, Figure 5a China's Imports by Country of Origin other 5% North America 12% Europe 20% Asia 60% Latin America 3%
36 Prof. Tae H. Oum, S. Korea At the moment, Korean carriers are in the most advantageous position among the three countries. Development as East Asian logistics/distribution hub similar to Netherlands and Singapore is in progress, although they fight uphill battle against Shanghai and other Chinese ports. Trade and transport liberalization important for the success of Korea s regional logistics hub initiatives. Although their optimal policy is really Singapore-style open skies policy with all major countries, their bilateral ASA process continue to be influenced heavily by flag carriers.
37 Prof. Tae H. Oum, Challenges to regulatory reform: - Effects of Current Regulatory Framework - Challenges to Regulatory Reform
38 (A) Effects of Current Regulatory Framework Bilateral Air Services Agreements (ASAs) require the airlines designated to serve on international routes be majority owned and controlled by citizens of the country; Bilateral ASA processes are too heavily influenced by flag carriers; leading to capacity/market sharing between the bilateral carriers in most markets, against the interest of consumers and overall economic interest of the nation. Prof. Tae H. Oum,
39 Prof. Tae H. Oum, Current Regulatory Framework and Effects cont d Domestic markets and international markets are regulated separately without an explicit coordination between the complementary networks (Domestic markets are reserved solely for own carriers); Since China has a very large domestic market, in the long run Chinese carrier network patterns will be largely shaped by the needs for efficient collection and distribution of domestic traffic.
40 Prof. Tae H. Oum, Current Regulatory Framework and Effects cont d Current system offers limited growth opportunities to Asian airlines, and has prohibited development of efficient multiple hub networks by Asian carriers No airline in Asia is truly an Asian carrier having an effective coverage of Asian markets
41 Prof. Tae H. Oum, (B) Challenges for Regulatory Reform - (1/2) Negotiators are charged to protect/enhance national interest. But, policy makers and negotiators influenced too heavily by the vest interests (flag airlines); The misguided notion flag carriers interests equal the national interest that many governments hold are probably the most serious barrier to liberalization. As a result, those governments and negotiators, in fact, work against the true economic interest of the nation for whom they are doing negotiations. creating negative sum bilateral games.
42 Prof. Tae H. Oum, Challenges for Regulatory Reform - (2/2) Such mis-guided action on national interests (myopic world) lead negotiators to turn the bilateral negotiations into a non cooperative game; They are driven to protect the markets where national carriers may lose, and to expand traffic rights for the flag carriers in the markets where their flag carriers can win (Mercantilistic approach existed in the 19 th century) In this myopic world, tough negotiators are respected despite the fact that in many cases, they fail to find positive-sum games via which both countries can increase economic pies.
43 Prof. Tae Oum, Sauder School of Business, UBC So how could we achieve a positive sum game? Consumer benefit; Other industry benefits Regional cooperation True Asian Carrier Dynamic competition Competitive edge against US and EU Vested interests National interest? Low risks Autonomy 一 般 管 理 費
44 Prof. Tae H. Oum, Goals for regulatory reform Long-run goal: East Asian single aviation market Medium term goal: Creating cross-border subregional (East Asian) Open Skies bloc, a stepping stone for Asian continent-wide crossborder open skies Short term: Rapid liberalization of the East Asian market
45 Strategy for Securing Positive-Sum Game in Northeast Asia Repeated/frequent interaction and common goal setting among different players can turn the negative-sum or zero-sum game into a positive-sum game. Such constructive approach would foster development of common grounds that may facilitate market integration. Therefore, it is important to formulate an institutional environment that encourages repeated interaction and common goal setting. Prof. Tae H. Oum,
46 Prof. Tae H. Oum, How do we achieve the staged liberalization? (1) Preliminary work needed (before any formal negotiation): Creating a transparent environment within which analysis are done and negotiations can take place: This will ensure that all parties can focus on creating positive-sum game. All costs and benefits of adopting specific stages of liberalization or open skies must be calculated and tabled; There should not be any hidden agenda by any country participating in the negotiation;
47 Prof. Tae H. Oum, Preliminary work needed cont d Clear understanding of who gains? what? and by how much?, and who loses, what? and by how much?, etc.; Negotiations will focus on sharing and distributing gains and losses. Also consider pooling of gains and loses between air transport, international trade and foreign direct investment (FDI) sectors
48 Preliminary work needed cont d Canada-US Open Skies Example: Negotiations focused on creating positive-sum game increasing size of the economic pie; Structural weakness of Canadian carriers were handled in two ways: US allowed Canadian carriers 3-years head-start in all US markets; U.S. carriers allowed phased-in entry into Toronto, Montreal, and Toronto markets over the three years; US gave Canadian carriers significant numbers of airport slots at congested airport like Chicago O Hare and Washington National. In the end, the political will of President Clinton and PM Chretien for open skies agreement played an important role Prof. Tae H. Oum,
49 Prof. Tae H. Oum, A Proposal Joint Study Team: An effective way is to set up a joint study team in which all necessarily studies are done ON VERIFIABLE DATA and in a very transparent way; The results are computed, verified, and tabled to all members of the three countries negotiation teams. This team will interact with the negotiators of each country to understand the benefits and costs to that country.
50 Prof. Tae H. Oum, A Proposal - (2/2) Establishment of a trans-national Committee consisting of governments, industries and academia would go a long way to foster close relationship, creating common grounds, finding positive sum approach, and phased-in agenda for negotiation. This Trans-national committee would set the research agenda for the trans-national study team proposed above
51 Prof. Tae H. Oum, Concluding remark It is about time for the East Asian countries government to seriously consider changing approaches to air transport policy in order to develop efficient regional air transport networks which also serves long term interests of the region and their own nation s economic benefits as well as of the long-term interest of their flag carriers
52 Prof. Tae H. Oum, Thank You 2007 ATRS World Conference: June; Univ of California-Berkeley ATRS Global Airport Benchmarking Reports 5 th Year
CANADA S GLOBAL OPEN SKIES AIR TRANSPORTATION REGIME
CANADA S GLOBAL OPEN SKIES AIR TRANSPORTATION REGIME MAXIMIZING INTERNATIONAL ACCESS AND CHOICE TO CANADA S MARKETS While Open Skies implies a simplified environment, the business of air transportation
More informationAviation Policy at 20 Years: Accomplishments, Challenges and the Need for Further Change
Aviation Policy at 20 Years: Accomplishments, Challenges and the Need for Further Change ATAC AGM 14 November 2012 Presentation by Gerry Bruno, Group CEO InterVISTAS Consulting 20 Year Accomplishments
More informationAir China Limited Announces 2014 Annual Results
Air China Limited Announces 2014 Annual Results Hong Kong March 26, 2015 Air China Limited ( Air China or the Company, together with its subsidiaries, collectively the Group ) (HKEX: 00753; LSE: AIRC;
More informationACI Airport Statistics and Forecasting Workshop AVIATION STATISTICS & DATA: A VITAL TOOL FOR THE DECISION MAKING PROCESS Narjess Teyssier ICAO Chief Economic Analysis & Policy Section London, 3 rd March
More informationTIAC Position on Open Skies Policy in Canada Executive Summary: Points of Consideration for TIAC
TIAC Position on Open Skies Policy in Canada Executive Summary: Points of Consideration for TIAC As Canada is increasingly becoming a fly-to tourist destination, the country s air service agreements (ASAs)
More informationThe Trans-Pacific Partnership and Asia-Pacific Integration: Brief overview. Peter A. Petri, Michael G. Plummer and Fan Zhai February 2015
The Trans-Pacific Partnership and Asia-Pacific Integration: Brief overview Peter A. Petri, Michael G. Plummer and Fan Zhai February 2015 Bottom line The TPP is important: Asian and Trans-Pacific trade
More informationNew Zealand s international air transport policy discussion document - Tourism New Zealand comments
New Zealand s international air transport policy discussion document - Tourism New Zealand comments Date: 18 June 2012 Objective What should the objective of New Zealand s international air transport policy
More informationMinneapolis- St. Paul Detroit. Cincinnati. Memphis Atlanta
Delta Air Lines U.S. Hub Cities Salt Lake City Minneapolis- St. Paul Detroit Cincinnati New York (JFK) Memphis Atlanta Delta Serves: International Destinations 49 Domestic Destinations 64 Countries (September
More informationInternational Civil Aviation Organization WORLDWIDE AIR TRANSPORT CONFERENCE (ATCONF) SIXTH MEETING. Montréal, 18 to 22 March 2013
International Civil Aviation Organization ATConf/6-WP/11 10/12/12 WORKING PAPER WORLDWIDE AIR TRANSPORT CONFERENCE (ATCONF) SIXTH MEETING Montréal, 18 to 22 March 2013 Agenda Item 2: Examination of key
More informationPortugal and Air Transport in the Early 21st Century. Kenneth Button
Portugal and Air Transport in the Early 21st Century Kenneth Button AIR TRANSPORT The Nature of air transport 1. Air transport is important It is a big industry It is vital to many industries and regions
More informationThe Economic Outlook of Hong Kong. in the Context of China s 12th Five-Year Plan
The Economic Outlook of Hong Kong in the Context of China s 12th Five-Year Plan A Speech by Dr Victor Fung to the Students and Professionals at Savantas Liberal Arts Academy 匯 賢 智 庫 學 苑 on 21 May 2011
More informationChina s Accession to the WTO and its Impact on the Asian Economy. C. H. Kwan Nomura Research Institute
Introduction China s Accession to the WTO and its Impact on the Asian Economy C. H. Kwan Nomura Research Institute After fifteen years of tough negotiation, China is poised to join the World Trade Organization
More informationQUALITY OF SERVICE INDEX
QUALITY OF SERVICE INDEX Advanced Presented by: David Dague ICF SH&E Principal 2012 Air Service Data and Planning Seminar January 22-24, 2012 0 Workshop Agenda Introduction QSI/CSI Overview QSI Uses Historical
More informationTIAC POSITION ON OPEN SKIES POLICY IN CANADA
1 CONTENTS TIAC Position on Open Skies Policy in Canada... 3 Executive Summary: Points of Consideration for TIAC...3 TIAC Recommendations: A Multi-Faceted Approach... 4 Air Service Agreements: A History...
More informationThe need for greater liberalization of international air transport
Policy statement The need for greater liberalization of international air transport Commission on Air Transport, 7 December 2000 The International Chamber of Commerce (ICC) has since its inception supported
More informationA380 Commercial Update for JP Morgan
Jean-Pierre Dambrine A380 Marketing Director Commercial Update for JP Morgan 9 th Own the Sky All around the world All around the world The most efficient way to grow Network optimiser, yield booster The
More informationUnited States-China Trade: Where are the Exports? Barry Bosworth Susan Collins Aaron Flaaen
United States-China Trade: Where are the Exports? Barry Bosworth Susan Collins Aaron Flaaen Introduction Significant deterioration in US China trade relationship. Most of U.S. discussion focuses on perceived
More informationInformation meeting. Cheuvreux Conference September 2010. Philippe Calavia CFO, Air France-KLM
Information meeting Cheuvreux Conference September 2010 Philippe Calavia CFO, Air France-KLM Air transportation: a growth industry CAGR 2001-11 GDP: +2.7% World Passenger traffic: +5.0% World cargo traffic:
More informationAnalysis of Canada s Bilateral Air Services Agreements: Policy Focus on Asia-Pacific Region
Analysis of Canada s Bilateral Air Services Agreements: Policy Focus on Asia-Pacific Region for Ministry of Transportation, The Government of British Columbia RFP Number: 067CS33202 By The International
More informationCurrent Market. Predicting the future is a risky business. Meet your new
By Dawsalee Griffin Meet your new Current Market Outlook What s in store for the next 20 years of the global jetliner market? The just-released version of this annual Boeing report offers the company s
More informationComments on Forecasting Air Travel with Open Skies by William M. Swan Prepared for the KOTI Conference, Honolulu, Hawaii August 14-15, 2008
Comments on Forecasting Air Travel with Open Skies by William M. Swan Prepared for the KOTI Conference, Honolulu, Hawaii August 14-15, 2008 Hiroshi Ohashi Associate Professor of Economics, University of
More informationOpen skies, open clubs and open regionalism
Open skies, open clubs and open regionalism some new issues for Asia Pacific Economic Cooperation Andrew Elek, Christopher Findlay, Paul Hooper and Tony Warren 1 1 A revised version of a paper presented
More informationAchieving Open Skies. Dr George Williams Reader in Airline Economics. Air Transport Department
Achieving Open Skies Dr George Williams Reader in Airline Economics Types of Air Transport Trading Agreements Bilateral Open Skies Plurilateral Multilateral Chicago Conference 52 nations met in 1944 to
More informationChina's Aviation Sector - Overview, Current Trends & Opportunities for European Suppliers
China's Aviation Sector - Overview, Current Trends & Opportunities for European Suppliers China Civil Aviation Report Uniworld, LLC/Francis Chao September 6, 2005. Dublin, Ireland Before 1978, It was a
More informationSupport Material. May 2012
Support Material May 2012 FORWARD-LOOKING STATEMENTS This document contains forward-looking statements, including with respect to the negotiation, implementation and effects of the proposed combination.
More informationFuture Growth of the Airline Industry
Future Growth of the Airline Industry How will global competition drive change? Andrew Herdman Director General Association of Asia Pacific Airlines Geneva, Switzerland 22 February 2011 Overview Current
More informationThe Impact of The European Crisis on Travel To and From Europe and China & Asia-Pacific
The Impact of The European Crisis on Travel To and From Europe and China & Asia-Pacific A Report by Research For Travel Ltd July 2012 Research For Travel Ltd The Impact of The European Crisis on Travel
More informationGLOBAL B2C E-COMMERCE DELIVERY 2015
PUBLICATION DATE: OCTOBER 2015 PAGE 2 GENERAL INFORMATION I PAGE 3 KEY FINDINGS I PAGE 4-8 TABLE OF CONTENTS I PAGE 9 REPORT-SPECIFIC SAMPLE CHARTS I PAGE 10 METHODOLOGY I PAGE 11RELATED REPORTS I PAGE
More informationEUROPEAN AIRPORTS AND TOURISM ORGANISATIONS TOGETHER ON OPEN SKIES
EUROPEAN AIRPORTS AND TOURISM ORGANISATIONS TOGETHER ON OPEN SKIES 1 Over the past months, the expansion of Gulf airlines in particular Emirates, Etihad Airways and Qatar Airways into the North American
More informationTrends in Aviation & Impact on MROs. Khwaja M. (KM) Ali Director, Maintenance Economics
Trends in Aviation & Impact on MROs Khwaja M. (KM) Ali Director, Maintenance Economics 7 th Maintenance Cost Conference Singapore, October 19-21, 2011 Seven Trends Are Shaping The Long-Term Structure Of
More informationThe Importance of International Services Standardisation in Australia
15 May 2015 Australian Services Exports Productivity Commission Locked Bag 2, Collins Street Melbourne VIC 8003 Productivity Commission Study into Barriers to Growth in Australian Services Exports Standards
More informationMinistry of Small Business,Technology and Economic Development
Ministry of Small Business,Technology and Economic Development 2 BRITISH COLUMBIA S TRADE AND INVESTMENT STRATEGY FOR CHINA Why China is Important to British Columbia China is the world s fourth largest
More informationGlobal Deployment of IT Solutions that Contribute to Social Progress
Hitachi Review Vol. 63 (2014), No. 6 315 Overview Global Deployment of IT Solutions that Contribute to Social Progress Sunao Ehara Wakana Kasai Isamu Nishikawa Shinichi Matsuoka SOLUTIONS THAT TIE TOGETHER
More informationThe Australian Capital Territory in the Asian Century
The Australian Capital Territory in the Asian Century August 2013 SUMMARY The Australian Government s Australia in the Asian Century White Paper has given added impetus to action the ACT government is
More informationTRADE BLOCS. Trade Blocs page 1
TRADE BLOCS The Treaty of Rome reached in 1957 set in motion a process of integrating the economies of Western Europe. As we enter the new millennium, the European Union, instituting a common currency
More informationOverview and Effects of Open Skies Policy
Overview and Effects of Open Skies Policy Makoto Washizu Chairman, Japan International Transport Institute 鷲 頭 誠 国 際 問 題 研 究 所 所 長 Topics of Today s Seminar Impacts of international air transport on tourism
More informationInternational Business Environment & Strategy
International Business Environment & Strategy Drivers of isation June 2010 Slides based on Yip, G. (1995):- Johnson, Scholes & Whittington (2005) Exploring Corporate Strategy, 7 th edition Robert Jones
More informationRecent trends of dynamically growing and developing life insurance markets in Asia
Recent trends of dynamically growing and developing life insurance markets in Asia Tomikazu HIRAGA, Ph.D. and LL.M. General Manager for Asia, NLI Research Institute Asia is a growth market where foreign
More informationGlobal Student Mobility 2025 Forecasts of the Global Demand for Pathways to Higher Education in the Schools, VET and ELICOS sectors
Global Student Mobility 2025 Forecasts of the Global Demand for Pathways to Higher Education in the Schools, VET and ELICOS sectors Andrew Hewett IDP Education Australia Agenda and Key Issues Pathways
More informationAccommodating ggrowth and hub development: experiences from Amsterdam and India
Accommodating ggrowth and hub development: experiences from Amsterdam and India Dr Guillaume Burghouwt - Director Airneth - Head of section aviation economics, SEO Economic Research Outline Some important
More informationGlobal Talent Index Highlights
2012 Global Talent Index Highlights Talent is critical to Boston s economic future, and to the future of metropolitan regions around the world. Of all the factors driving economic growth, none is more
More informationICAN 2014. Air Services Negotiation Event BIOGRAPHIES. 17 21 November 2014, Bali Indonesia
ICAN 2014 Air Services Negotiation Event 17 21 November 2014, Bali Indonesia BIOGRAPHIES Raymond Benjamin Secretary General of the International Civil Aviation Organization Mr. Benjamin has been Secretary
More informationDiscussion Paper 01: Aviation Demand Forecasting
Airports Commission Discussion Paper 01: Aviation Demand Forecasting Response from Kent County Council and Medway Council Q1: To what extent do you consider that the DfT forecasts support or challenge
More informationPromoting Asian Economic & Financial Cooperation
Promoting Asian Economic & Financial Cooperation Exim Bank s Initiatives Mr. T.C. VENKAT SUBRAMANIAN Chairman & Managing Director Exim Bank of India 1 Introduction 2 International trade & investment vital
More informationInternational Civil Aviation Organization WORLDWIDE AIR TRANSPORT CONFERENCE (ATCONF) SIXTH MEETING. Montréal, 18 to 22 March 2013
International Civil Aviation Organization 14/2/13 WORKING PAPER WORLDWIDE AIR TRANSPORT CONFERENCE (ATCONF) SIXTH MEETING Montréal, 18 to 22 March 2013 Agenda Item 2: Examination of key issues and regulatory
More informationBusiest ports. Asian Tiger. Business friendly. Highest Trade/GDP Ratio. 4 th biggest financial centre
Busiest ports Business friendly Asian Tiger Highest Trade/GDP Ratio 4 th biggest financial centre Singapore economy at a glance: Singapore is a global trading power. Its strategic geographical location,
More informationAsia/Pacific VoIP: A Change of Heart
Asia/Pacific VoIP: A Change of Heart Market Analysis Abstract: Voice over IP, which has been struggling to get off the ground for a long time, is beginning to take off in Asia/Pacific, especially in the
More informationGlobal Real Estate Outlook
Global Real Estate Outlook August 2014 The Hierarchy of Economic Performance, 2014-2015 China Indonesia India Poland South Korea Turkey Australia Mexico United Kingdom Sweden United States Canada South
More informationTHE CPA AUSTRALIA ASIA-PACIFIC SMALL BUSINESS SURVEY 2015
THE CPA AUSTRALIA ASIA-PACIFIC SMALL BUSINESS SURVEY GENERAL REPORT FOR AUSTRALIA, CHINA, HONG KONG, INDONESIA, MALAYSIA, NEW ZEALAND, SINGAPORE AND VIETNAM 2 THE CPA AUSTRALIA ASIA-PACIFIC SMALL BUSINESS
More informationPOTENTIAL BENEFITS OF A CANADIAN-BASED RMB SETTLEMENT CENTRE
POTENTIAL BENEFITS OF A CANADIAN-BASED RMB SETTLEMENT CENTRE Prepared for: Advantage BC Mr. Colin Hansen, President Suite 3093, Three Bentall Centre 595 Burrard Street PO Box 49067 Vancouver, BC V7X 1C4
More informationGlobal Corporate Travel Forecast: A Guide for Pricing and Negotiations in 2013
Global Corporate Travel Forecast: A Guide for Pricing and Negotiations in 2013 October 2012 October 2012 In This Guide 1. Airfares Overview: North America ATPs Pg. 3 Global Corporate Travel Forecast: A
More information18 / British Airways 2008/09 Annual Report and Accounts. Our business
18 / British Airways 2008/09 Annual Report and Accounts Our business The global airline industry is fiercely competitive, heavily regulated and highly exposed to changes in customer behaviour and consumer
More informationEnhancing Airspace Efficiency and Capacity in the Asia Pacific Region
Enhancing Airspace Efficiency and Capacity in the Asia Pacific Region ABSTRACT The Asia Pacific region currently has a market share of 30 per cent of the world s total number of passengers per kilometre
More information2010 Expatriate, Returnee and China Hired Foreigner, Compensation and Benefits Survey
2010 Expatriate, Returnee and China Hired Foreigner, Compensation and Benefits Survey Result Sharing Presentation The American Chamber of Commerce in Shanghai Agenda Study Background Growth Expatriates
More informationGLOBAL TRENDS IN HIGHER EDUCATION. David Stockley
GLOBAL TRENDS IN HIGHER EDUCATION David Stockley Beijing May 2011 KEY TRENDS 1. Changing gglobal demographics 2. Increasing global student mobility 3. Higher education as a global market 4. Declining public
More informationFreight Forwarders: Thinking Outside the Box
Freight Forwarders: Thinking Outside the Box Given its size, profitability, and expected growth rates, freight forwarding is among the most attractive segments in the North American transportation services
More informationFactors affecting the inbound tourism sector. - the impact and implications of the Australian dollar
Factors affecting the inbound tourism sector - the impact and implications of the Australian dollar 1 Factors affecting the inbound tourism sector - the impact and implications of the Australian dollar
More informationChapter 9 AIR TRANSPORT IN KOREA AND NORTHEAST ASIA
Chapter 9 AIR TRANSPORT IN KOREA AND NORTHEAST ASIA Yeon Myung Kim and Sean Seungho Lee 1 Competition on domestic routes in Korea by low cost carriers has led to much lower s. The negotiation of an Open
More informationNegotiation of a Free Trade Agreement between Hong Kong and the Association of Southeast Asian Nations. Consultation Document
Negotiation of a Free Trade Agreement between Hong Kong and the Association of Southeast Asian Nations Consultation Document INTRODUCTION The Government of the Hong Kong Special Administrative Region will
More informationAirport Slot Allocations In The EU: Current Regulation and Perspectives.
Airport Slot Allocations In The EU: Current Regulation and Perspectives. O. H. December 2009 Objectives of the study Identify what the current situation of slot allocation is in the European Union. Identify
More informationAviation Radar 2013. Mai 2013. European Aviation Radar 2013_final.pptx
1 Aviation Radar 2013 Airline and airport managers are cautiously positive about the future of European aviation. However, fundamental changes are underway. The industry players might be forced to adapt
More informationAsian Stock Markets in 2015:
Asian Stock Markets in 2015: Expected trends and the role of Asian Funds Passports Dr. Andrew Freris CEO, Ecognosis Advisory Ltd March 2015 1 Summary, Part I The Asian markets which outperformed in 2014,
More informationAPEC s evolving supply chain
2012 APEC CEO Summit: PwC issues spotlight APEC s evolving supply chain Leading up to this year s Asia-Pacific Economic Cooperation CEO Summit in Vladivostok, Russia on September 7 8, PwC is sharing a
More informationAIRPORT DEVELOPMENT for ASEAN OPEN SKY
AIRPORT DEVELOPMENT for ASEAN OPEN SKY PT Angkasa Pura II (Persero) DJOKO MURJATMODJO DIRECTOR OF OPERATION AND ENGINEERING OF PT Angkasa Pura II 31 MARCH 2015 Introduction Establishment Bangkok Declaration
More informationAir China hosts the market opening ceremony at the Stock Exchange of Hong Kong to Celebrate the 10 th anniversary of its listing in Hong Kong
[Press Release] Air China hosts the market opening ceremony at the Stock Exchange of Hong Kong to Celebrate the 10 th anniversary of its listing in Hong Kong Build on past success to soar ahead Maintain
More informationCapital Market Integration and Stock Exchange Consolidation in the Asia-Pacific
Joint Statement Asian Shadow Financial Regulatory Committee and Australia-New Zealand Shadow Financial Regulatory Committee Queenstown, New Zealand 6 April, 2011 * Capital Market Integration and Stock
More informationUnited Nations Conference on Trade and Development CONTAINER SECURITY: MAJOR INITIATIVES AND RELATED INTERNATIONAL DEVELOPMENTS
United Nations Conference on Trade and Development CONTAINER SECURITY: MAJOR INITIATIVES AND RELATED INTERNATIONAL DEVELOPMENTS Comments received from the United States Government on US Container Security
More informationReceivables Finance & Protection
Receivable management in China Receivables Finance & Protection General Management / Jens Hoter / 23.09.2009 / Page 1 of 14 Index General Environment in China Present Market Protection Business Receivables
More informationBuilding a Logistics/Supply Chain Hub The Singapore Experience. Hum SinHoon NUS Business School National University of Singapore
Building a Logistics/Supply Chain Hub The Singapore Experience Hum SinHoon NUS Business School National University of Singapore BACKGROUND Singapore Rankings World Business Environment Rank Country Total
More informationPolicy Recommendations on. Japan-Australia Security Cooperation
Policy Recommendations on Japan-Australia Security Cooperation The Eighth Japan-Australia Track 1.5 Dialogue, co-hosted by the Japan Institute of International Affairs (JIIA) and the Australian Strategic
More informationThailand s Logistics
Thailand s Logistics Over the past fourteen years, overall international trade with Thailand has grown 340% and manufacturing trade 370%; this growth, aided in part by the nation s bilateral trade agreements
More informationAir China Limited Announces 2013 Annual Results
Air China Limited Announces 2013 Annual Results Hong Kong March 26, 2014 Air China Limited ( Air China or the Company, together with its subsidiaries, collectively the Group ) (HKEX: 00753; LSE: AIRC;
More informationState of the Oil Markets?
State of the Oil Markets? U.S. and Global Refining Prospects John R. Auers, P.E. Executive Vice President Washington DC February 17, 2016 U.S. Refining is YUGE! 2 What Determines Refining Winners? Refined
More informationCEIBS-INSEAD Multinational Management Programme. Seizing International Opportunities
CEIBS-INSEAD Multinational Management Programme Seizing International Opportunities CEIBS-INSEAD Multinational Management Programme Seizing International Opportunities CEIBS and INSEAD have partnered to
More informationHealth Care Viewpoint
Global Penetration: Growth and Competitive Advantage Health Care Viewpoint Number 6 Bain health care expertise As the year 2000 approaches, the health care industry is still turbulent. Customer requirements
More informationDemand for RMB and Financial Services through Hong Kong by German Businesses
Demand for RMB and Financial Services through Hong Kong by German Businesses Think Asia, Think Hong Kong Munich, 11 September 2014 Think Asia, Think Hong Kong Munich, 11 September 2014 Page 1 Asia: Key
More informationFinnair Q3 Result 2012. 26 October 2012
Finnair Q3 Result 2012 26 October 2012 1 Content Market environment in Q3 Business performance and strategy execution Outlook Financials 2 Finnair Q3 Result, 26 October 2012 Market Environment The global
More informationChinese University of Hong Kong Conference on HKEx and the Market Structure Revolution
Chinese University of Hong Kong Conference on HKEx and the Market Structure Revolution The Impact of Market Structure Changes on Securities Exchanges Regulation 31 March 2012 Keith Lui Executive Director,
More informationCase Study: Global MPLSbased. Network
Welcome Wednesday, May 18 2005 Case Study: Global MPLSbased Outsourced Network Presented by: Markos Moya, Vice President Commercial Enterprises Hyatt International Corporation Operates, manages or franchises
More information2015 Annual Results 26 August 2015 Christopher Luxon CEO Rob McDonald CFO
2015 Annual Results 26 August 2015 Christopher Luxon CEO Rob McDonald CFO 1 The year in review Another year of earnings growth: Normalised earnings* before taxation $496 million, up 49.4% Statutory net
More informationJITI Aviation Seminar Future of the U.S.-Japan Market Washington, D.C. November 19, 2013. John R. Byerly
JITI Aviation Seminar Future of the U.S.-Japan Market Washington, D.C. November 19, 2013 Remarks By John R. Byerly Introduction I am honored to participate in today s important seminar on Japan-U.S. aviation
More informationDevelopments in the Trade-Weighted Index 1
Reserve Bank of Australia Bulletin October 22 Developments in the Trade-Weighted Index 1 Introduction This article provides some background on the history and methodology of the trade-weighted index (TWI)
More informationTaoyuan Aerotropolis Infrastructure Project and. Taoyuan International Airport Terminal 3 Project TAIWAN
Taoyuan Aerotropolis Infrastructure Project and Taoyuan International Airport Terminal 3 Project TAIWAN The Taoyuan Aerotropolis Infrastructure Project, seen as a prime driver of Taiwan s future economic
More informationYour Customers. Our Promise. China Telecom Americas' Commitment to Carrier Partners Creates Opportunities for Global Expansion
Your Customers. Our Promise. China Telecom Americas' Commitment to Carrier Partners Creates Opportunities for Global Expansion White Paper As the North American subsidiary of the largest, most prestigious
More informationBOARD OF SUPERVISORS BUSINESS MEETING BOARD MEMBER INITIATIVE
BOARD OF SUPERVISORS BUSINESS MEETING BOARD MEMBER INITIATIVE Date of Meeting: November 4, 2015 #R-2 SUBJECT: ELECTION DISTRICT: CRITICAL ACTION DATE: STAFF CONTACT: A Resolution of Support Recognizing
More informationThe Impact of the 2007 U.S.-EU Open Skies Air Transport Agreement
ITA Occasional Paper no. 07-001 May 2007 The Impact of the 2007 U.S.-EU Open Skies Air Transport Agreement by Eugene Alford and Richard Champley Overview On March 2, 2007, the United States and the European
More informationThe Changing Global Economy: The Implications and Opportunities for Transportation in Atlantic Canada
The Changing Global Economy: The Implications and Opportunities for Transportation in Atlantic Canada Atlantic Provinces Transportation Forum St. John s, NL May 30, 2007 David Chaundy, Senior Economist,
More informationU.S. News Best Global Universities Rankings: An inside look at the latest results and methodology
U.S. News Best Global Universities Rankings: An inside look at the latest results and methodology Robert J. Morse, Chief Data Strategist U.S. News & World Report 6th International Conference on World-Class
More informationChallenges for Capital Market Development in Asia
Challenges for Capital Market Development in Asia Osaka, 30 October 2014 Masamichi Kono Vice Minister for International Affairs President, Asian Financial Partnership Center Financial Services Agency,
More informationMeasuring the Economic Impact of Liberalization of International Aviation on Hamburg Airport
Measuring the Economic Impact of Liberalization of International Aviation on Hamburg Airport David Gillen School of Business & Economics Wilfrid Laurier University Waterloo, Canada Holger Hinsch Science
More informationGlobal Corporate Travel Forecast: A Guide for Pricing and Negotiations in 2013
Global Corporate Travel Forecast: A Guide for Pricing and Negotiations in 2013 October 2012 In This Guide 1. Airfares Overview: European ATPs Pg. 3 Global Corporate Travel Forecast: A Guide for Pricing
More informationOBJECTIVES CHAPTER OVERVIEW CHAPTER OUTLINE SEMINAR 28 NOV 2013
OBJECTIVES To learn the fundamentals of foreign exchange To identify the major characteristics of the foreign-exchange market and how governments control the flow of currencies across national borders
More informationYour vision. Let s make it happen.
Your vision. Let s make it happen. CORPORATE AND INVESTMENT BANKING CAPITAL MARKETS COMMERCIAL BANKING TRANSACTION BANKING TRADE FINANCE Creating opportunities Strength and stability, far and wide Scotiabank
More informationNew IT Business Models in the Asian Age - Multilateral Collaboration and Business Innovation
New IT Business Models in the Asian Age - Multilateral Collaboration and Business Innovation May 20, 2005 Kiyoshi Urakami Urakami Asia Management Research http://www2.odn.ne.jp/kurakami/english.htm 1 National
More informationHong Kong: Gateway to China for Estonian Businesses
Hong Kong: Gateway to China for Estonian Businesses Mrs Agnes ALLCOCK, Director-General Hong Kong Economic and Trade Office (London) 2 June 2011 1 Hong Kong: The Latest Economic Situation Real GDP Growth:
More informationCorporate Jet & Helicopter Finance Asia 2013
Corporate Jet & Helicopter Finance Asia 2013 State of the market: Where are we now and which way is the market going? 25 th June 2013 Agenda 1. The Global UHNW Population 2. UHNWIs in Asia 3. The Chinese
More informationLEARNING!TEAM!9A! Aquino' Bandivadekar' Jao' Khaleel' Rapeti'
LEARNINGTEAM9A Aquino' Bandivadekar' Jao' Khaleel' Rapeti' COOPETITION(IN(OPEN(SKIES A(Look(Into(the(Air(Transport(Industries(from(the( Perspective(of(the(National(Carriers(of(ASEAN s(two( Archipelagic(Nations
More information