Guyana and The Bahamas Signs Open Skies Agreement

• On November 25, 2024, The Bahamas and Guyana signed an open skies Air Services Agreement to promote and facilitate airlines to operate air services between the two countries, as well as other countries.
• Signing the Agreement on behalf of The Bahamas was Isaac Chester Cooper, deputy prime minister and minister of tourism, investments and aviation and for Guyana, Bishop Juan Edghill, minister of public works.
• Minister Edghill noted that the agreement is in keeping with the government’s commitment to connecting Guyana with the rest of the world and it is anticipated that Bahamas Air will soon add destination Guyana to its regional network.
• Consistent with the government’s model of open skies agreements, the Agreement facilitates acceptance of the Principal Place of Business, meaning that the airlines could benefit from foreign share capital and investment once they establish their main economic and operating base in either The Bahamas or Guyana.
• The Principal Place of Business condition for airline designation is now a common inclusion in Air Services Agreements and creates a very advantageous position for small States with limited capital or financial resources.
• Presently, there are no direct flights between Guyana and The Bahamas. However, this Agreement puts in place the legal framework that opens market access for airlines to operate and enhance competitive air transport services, trade, and economic growth between the two countries.

(Source: Caribbean News Global)