Institute of Transport and Logistics Studies

Challenges Facing China’s Air Policy Makers and Effects of their Choice on Asian Airline Market Development: Focus on Inevitability of Liberal LCC Policy and What it means to Asian and Global Airline Markets

Professor Tae Hoon Oum, Sauder School of Business, UBC and MIT Global China Program

21st Nov 2017  02:00 pm - 03:00 pm ABS Case Study Lecture Theatre 2150, Abercrombie Building (H70)

Venue: ABS Case Study Lecture Theatre 2150, Abercrombie Building (H70)

Tae Hoon Oum

Abstract: I will begin with a brief review of rapidly increasing China’s global economic leadership and the future global leadership role of China’s mega carriers. Then, a brief talk on the appropriate role of aviation sector in a modern economy will follow.

Then I review the emerging effects of the China-ASEAN Open Skies Agreement on airline markets linking between major cities in Southeast Asia and top 80 major cities in China. This inevitably would force China’ regulators to liberalize its policy on their made-in-China LCC policy.

Then I will attempt to predict the eventual outcome of such LCC policy of China on China’s international and domestic airline markets, and implications on Asian and global air transport markets.

My talk will follow the following agenda:

  • Global airline policy and industry development
  • Emerging China’s global economic leadership
  • Future role of China’s mega airlines
  • Role of air transport in modern economy
  • Hidden capability of China’ mega airlines to compete and win
  • Emerging Effects of China-ASEAN Open Skies Agreement
  • Predicting forthcoming changes to China’s LCC policy
  • Effects of such LCC policy changes to China’s international and domestic markets
  • Effects on Asian and global air transport markets
  • Q & A

Bio: Professor Tae Hoon OUM, MBA, PHD
Currently Special Invited Professor at MIT Global China campus
UPS Chair Professor Emeritus at Sauder School of Business, University of British Columbia, and Chairman of the Air Transport Research Society (ATRS)

Dr. Tae Oum focuses on economics, management strategy and policy analysis in transport/logistics and public utility sectors. He is the Editor-in-Chief, Transport Policy since 2016. He serves on Editorial Boards of twelve international journals including having served as an Editor of J. of Transport Economics and Policy,1998-2011. The founding chair of the ATRS Global Airport Benchmarking Task Force project since 2002. Since 2016, he is a special invited professor at MIT Global China campus.

He authored/co-authored 36 books, over 130+ refereed journal papers, and numerous reports for international organizations including World Bank, OECD, International Transport Forum, APEC, ICAO, and for many government agencies, regulatory commissions and major corporations (Canada, United States, UK, Netherlands, Japan, Korea, Australia, New Zealand, Singapore, Turkey).

The honors and distinctions he received include Air Transport News (ATN) Distinguished Career Awards (2013); the Distinguished Career Research Achievement Award from the (US) Transportation Research Forum (TRF, 2006); Overall Best Paper Prize from the US TRF (2009); The Overall Best Paper Prize from The World Conference on Transport Research Society (1998); Killam Research Prize of Canada-Senior Science Category (2002); Killam Research Fellowship (1988); A Distinguished Fellow of the US–Transportation & Public Utilities Group (TPUG) since 2004. He was identified as the most frequently cited author of articles in J. of Transport Economics & Policy in 1975-2006 period. He has been decorated with a Medal of National Order of Merit by the President of Korea (South) in 2005.

He delivered 380+ keynote addresses and invited speeches/seminars, executive classes including at major airports around the world, Dutch Ministries of Transport and of Economic Affairs, UK Competition Commission, UK Civil Aviation Authority, UK Rail Regulator, AT&T, Australian Consumer and Competition Commission, Air Canada, United Airlines, Northwest Airlines, Japan Airlines, All Nippon Airways, Korean air, Qantas, Virgin Blue, Turkish Airways, etc.