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

摘要

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.