Published at Monday, March 25th, 2019 - 05:54:03 AM. Type of airline. By Adelbert Scholz.
Bilateral agreements are based on the freedoms of the air a group of generalized traffic rights ranging from the freedom to overfly a country to the freedom to provide domestic flights within a country (a very rarely granted right known as cabotage). Most agreements permit airlines to fly from their home country to designated airports in the other country: some also extend the freedom to provide continuing service to a third country or to another destination in the other country while carrying passengers from overseas.
In view of the congestion apparent at many international airports the ownership of slots at certain airports (the right to take-off or land an aircraft at a particular time of day or night) has become a significant tradable asset for many airlines. Clearly take-off slots at popular times of the day can be critical in attracting the more profitable business traveler to a given airline s flight and in establishing a competitive advantage against a competing airline.
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