Description

Liberalization of the air transportation market in Romania began in 1993 and the country has witnessed several European airlines operating in non-traditional routes resulting in a significant increase in competition at the route level. Changes in policies such as the liberalization policy and effects on the country's aerospace industry has been studied in the research service. Air cargo traffic and air passenger traffic have been analyzed using economic determinants like exports, imports and personal disposable income. Details of the modernization projects in the country and potential business opportunities from these projects are studied in this research service.