July 14, 2017 16:17 SGT
Singapore finalized an Open Skies Agreement (OSA) with Armenia as it expands its market reach across the globe. Under the agreement, airlines of Singapore and Armenia will be able to operate services between both countries with no restrictions on route schedule, capacity, frequency, and aircraft type.
Additionally, cargo carriers from the two states will be able to base their aircraft in the other party for operations to any third country.
The OSA was inked by the Director-General of the Civil Aviation Authority of Singapore (CAAS), Kevin Shum, and the Director-General of the General Department of Civil Aviation of Armenia, Sergey Avetisyan.
"Singapore adopts a liberal aviation policy in order to further enhance its connectivity to the rest of the world," CAAS said in a statement released to the media.
The authority pointed out that this strategy allows businesses and firms to extend their market reach and forge partnerships. It also makes it possible for people to foster cultural links and personal ties across the world.
"With the signing of the Singapore-Armenia OSA, Singapore has concluded Air Services Agreements with more than 130 States and Territories, of which over 60 are OSAs," CAAS noted.
More than this, the deal reflects the bilateral ties between the two countries, allowing each to respond quickly to market opportunities.
To recall, Singapore has also signed an OSA with Belize on May. It was signed by the Coordinating Minister for Infrastructure and Minister for Transport Khaw Boon Wan and Belize's Minister of Tourism and Civil Aviation Jose Manuel Heredia.