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Low-Cost Carrier Opportunities, Air Transport Liberalization, and Post-Pandemic Recovery in CAREC
ADB
2024.05.27
This publication highlights the potential of rapidly growing low-cost airlines in Central Asia Regional Economic Cooperation (CAREC) Program countries to improve connectivity, increase tourism, and generate economic benefits.
It analyzes the market’s development, shows how countries have adopted more flexible aviation policies, and explains the need for greater liberalization and a more supportive market environment. It recommends countries work with the private sector to develop airports, eliminate regional visa requirements, and diversify international and regional air travel markets to help low-cost carriers maximize their potential and accelerate growth.