U.S. Ambassador to Guyana Brent D. Hardt and Guyana’s Minister for Public Works Robeson Benn signed an Open Skies air services agreement in Georgetown, Guyana, formalizing liberalization of the bilateral aviation relationship between the two nations. The agreement entered into force upon signing it on Monday.
The agreement creates opportunities for strengthening economic partnership between the United States and Guyana through closer links in transport and trade.
Open Skies Agreements permit unrestricted air service by the airlines of both countries between and beyond the other’s territory, allowing airline managements to determine how often to fly, the kind of aircraft to use, and the prices to charge.
“This agreement will strengthen and expand our strong trade and tourism links with Guyana,” the U.S. State Department said in a press release.
“It will benefit U.S. and Guyanese businesses and travelers by expanding opportunities for air services and encouraging vigorous price competition by airlines, while preserving our commitments to aviation safety and security,” it added.
Open Skies Agreements are pro-consumer, pro-competition, and pro-growth accords. They represent market-oriented approaches to aviation relations. Airlines, not governments, will be able to decide which cities to serve, the frequency of flights, and the equipment used and the prices charged.
Open Skies Agreements have vastly expanded international passenger and cargo flights to and from the United States, promoting increased travel and trade, enhancing productivity, and spurring high-quality job opportunities and economic growth.
By allowing air carriers unlimited market access to the partners’ markets and the right to fly to all intermediate and beyond points, Open Skies Agreements provide maximum operational flexibility for airline alliances.
The United States has concluded bilateral Open Skies Agreements with over 100 partners around the world.
Source: RTT News