Region
High-income OECD
Income group
High income
Most populous city
London

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Disclaimer: Note that the following information is not part of the score that the country receives on the Investing Across Sectors indicators. This information is provided as complementary to the data on the foreign ownership restrictions, and is based on the survey respondents’ comments and assessments. The World Bank Group does not guarantee accuracy of this information.

Sector group:
Transport
Sector:
International air: A foreign company seeking to own an airline providing international passenger transportation. Excluded from the definition is cargo transport.
Market structure:
 
Survey respondents' answer to the following question, "Define the market structure in your economy for this sector."
Competitive market, i.e. Many firms
Regulatory license:
 
Survey respondents' answer to the following question, "If a foreign company wanted to obtain a sector-specific regulatory license (or a concession contract) to open and operate a new business in that sector, how likely would the government be to issue such a license, provided that the foreign company meets all legal and regulatory requirements?"
Very likely
Name of regulatory authority
Civil Aviation Authority (CAA)
Additional comments:
EU countries have restrictions on non-EU investment in domestic airlines. Member states and companies based within them have no such restrictions.
There are foreign firms currently operating in this sector
Although a foreign company could not own the UK airline, there are foreign airlines competing with the UK airlines across many routes. The description of the market depends on the route, but most routes would be either oligopolies or competitive (for lar