Guyana on Wednesday signed an open-air air services agreement with the Republic of Colombia, to promote and facilitate the operation of air services by airlines between the two countries, as well as with other countries.
The agreement was signed in Bogota, Colombia, by Jair Orlando Fajardo, director of the Colombian Civil Aviation Authority and Juan Edghill, Minister of Public Works, during the thirteenth ICAO air services negotiation event (ICAN2021), held in Colombia.
In addition to the standard Grant of Rights Articles; Designation and revocation; Cost of using ; Recognition of certificates and licenses; Prices ; Business opportunities; Fair competition, among others, Minister Edghill said that âin this agreement we have agreed to remove all restrictions on market access, capacity, frequencies and prices in order to create a more open market and grant route rights to our respective airlines â.
Minister Edghill further noted that the agreement is in line with the government’s commitment to connect Guyana to the rest of the world.
In keeping with the government’s model open skies agreements, the agreement facilitates the acceptance of the principal place of business as the means of designating an airline contrary to the traditional restrictive requirement of substantial ownership and effective control. by nationals of either country.
This means that airlines could benefit from foreign capital and investment, once they establish their main economic and operational base in Colombia or Guyana. The principal place of business requirement for an airline designation is now a common inclusion in air service agreements and creates a very advantageous position for small states with limited capital or financial resources.
At present, there are no direct flights between Guyana and Colombia, however, this agreement sets up the legal framework that opens up market access for airlines to operate and improve transport services. competitive aviation, trade and economic growth between the two countries.
The signing of this agreement is complementary to the bilateral engagement held during the 76th session of the United Nations General Assembly in New York between President Irfaan Ali and President IvÃ¡n Duque MÃ¡rquez, where the two heads of State agreed to strengthen bilateral relations and technical cooperation.
The Agreement complements the more than 50 air service agreements that Guyana has entered into with other ICAO States for the development of the air link between States.
Guyana and Colombia established diplomatic relations on December 18, 1970. (Press Release, DPI)