#saatm

The Single African Air Transport Market (SAATM) is a flagship project of the African Union Agenda 2063, an initiative of the African Union to create a single unified air transport market in Africa to advance the liberalization of civil aviation in Africa and act as an impetus to the continent’s economic integration agenda. SAATM will ensure aviation plays a major role in connecting Africa, promoting its social, economic and political integration and boosting intra-Africa trade and tourism as a result. The SAATM was created to expedite the full implementation of the Yamoussoukro Decision (pdf)

The African Union Single African Air Transport Market (SAATM)

Four years on, Nigeria lags behind in open skies, $1.3b revenue agenda

(Photo by Kola Sulaimon / AFP) • FG, operators divided on implementation strategy, prospects • Local airlines lack corporate governance, cooperation to compete – Experts With no structure in place these past four years, Nigeria lags behind other African countries in the race for open skies agenda in air transport, which is estimated to be worth over $1.3 billion in revenue earnings…

When the African Union (AU) launched the Single African Air Transport Market (SAATM) in January this year, it finally opened up Africa’s skies. 23 signatories on board, though another 32 AU members are yet to sign on.

SAATM’s launch is a part of AU’s Africa 2063 project, which is a commitment to intra-continent development. If a common regulatory framework is put into place, this could benefit intra-continental travellers immensely, thus boosting commerce and tourism flows among African countries.