Macao’s aviation sector could undergo a dramatic transformation once lawmakers finally pass the Civil Aviation Activities Bill, set to end Air Macau’s monopoly status and open the door for other airlines to establish operational bases in Macao.
That’s according to Eduardo Buisson Loureiro, an international lawyer and arbitrator with the Macao-based firm BN Lawyers. His comments came during a breakfast talk organised this morning by the France Macau Chamber of Commerce (FMCC).
Loureiro said the new law’s impact had potential to “be equated [with] what happened with the casino industry in Macao, which was deregulated in the early part of this century.” In 2002, the SAR’s government opened up the gaming market to foreign firms, resulting in meteoric economic growth and a rapid swelling of the casino industry.
