November
2014
VEGAS LEX works on regional airports development strategy
The VEGAS LEX law firm is working on a strategy to develop international airport hubs based on regional airports in Russia.
Last month the VEGAS LEX law firm won a tender for a government research project to work out a development strategy for international airport hubs based on regional airports in Russia.
This major research project includes the study of Russian and foreign regulation of transit air services, of economic and geographical prerequisites for building airport hubs in Russia, and the development potential of the existing regional airports.
VEGAS LEX experts will also explore the possibility of liberalizing the rules and regulations with regard to specific airports and countries (the so-called Open Skies* is an international policy concept and the Fifth Freedom of the Air**) and consider creating a polling system for trans-Siberian flights.
It is important to note that Russia’s current priorities in the national aviation development are shifting toward regional airports. The strategy that VEGAS LEX and Lufthansa Consulting have agreed to work out is expected to lay the foundation for longterm development of airport hubs in Russia and help attain the country’s vast transit potential. The strategy is subject to approval by the Russian Government and will underlie the development of the country’s major regional airports in 2025-2030.
The project is being implemented by VEGAS LEX’s Aviation and Airport Development Group.
For more information on the company’s services in the aviation and airport development industry, please click here.
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* The Treaty on Open Skies was signed in Helsinki, Finland, in March 1992 and allows unarmed aerial surveillance flights over the entire territory of its participants.
** Fifth Freedom of the Air refers to the right of a country’s aircraft to fly between two foreign countries during flights while the flight originates or ends in one's own country. It is the right of an airline from one country to land in a second country, to pick up passengers, freight or post and fly on to a third country.