With average passenger growth exceeding 6%, Asian carriers have reason to be optimistic as they look ahead to 2006. But old constraints--especially the region's resistance to liberalization--remain as big a worry as high fuel prices. "Bilateral systems are still shackling the industry," lamented Andrew Herdman, director general of the Assn. of Asia-Pacific Airlines (AAPA), which recently held its 49th year-end presidents' meeting here. Full liberalization--open skies--of air services ...

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