Journal
JOURNAL OF TRANSPORT GEOGRAPHY
Volume 50, Issue -, Pages 24-32Publisher
ELSEVIER SCI LTD
DOI: 10.1016/j.jtrangeo.2015.09.003
Keywords
China-US market; 2004 protocol; 2007 protocol; Liberalization
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This paper examines China's considerations in reaching the 2004 and 2007 Air Service Agreement Protocols with the United States (US) and the impacts of such policy on the China-US market from the perspective of China. Analysis shows that the 2004 and 2007 protocols have profound impacts on the China-US market The two protocols have been associated with phenomenal traffic growth and intensified competition. Passengers also benefit from much more choice in terms of both airlines and routing. Over time, Chinese carriers' operating performance and financial performance have gradually improved after the liberalization expressed in the protocols. However, the industry's hub-building initiatives are still seriously challenged by competing hubs in Seoul and Tokyo which have diverted substantial number of passengers moving between the China and US markets. Such issues have to be addressed in order to create a win-win outcome for both countries. (C) 2015 Elsevier B.V. All rights reserved.
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