Singapore in open skies pact with Scandinavia
Singapore has signed separate open skies pacts with three Scandinavian countries that will allow their respective airlines unlimited access to each other's markets, the government said Tuesday.
The agreements signed with Denmark, Norway and Sweden mean that airlines of the four countries "will be able to fly between Singapore and any point in Scandinavia, via and beyond to any third country, without restrictions in capacity, frequency or aircraft type," it said.
"The conclusion of these agreements reflect the strong commitment of both sides in establishing a fully liberal air services framework," said Lim Kim Choon, director-general and chief executive officer of the Civil Aviation Authority of Singapore.
"These agreements will also generate benefits that extend beyond the aviation sector, promoting greater trade and investment flows between Singapore and Scandinavia."
Singapore, a small but wealthy island state highly dependent on international trade, has a string of open skies pacts with more than 20 countries, including 13 in the European Union.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.