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Economic regulation is critical to promoting fair competition, transparent market access and sustainable growth in Zambia’s aviation sector, the Civil Aviation Authority (CAA) said on Wednesday.
CAA Director General Captain, Derrick Luembe, said effective economic regulation would help create a level playing field for aviation service providers while encouraging investment and connectivity.
Luembe was speaking in Ndola during the second industry stakeholder sensitisation programme on the submission of statistical and financial data.
“The Authority’s broader mandate is to promote safe, secure and sustainable aviation in compliance with national and international standards,” Luembe said.
He said economic regulation was not intended to disadvantage aviation service providers or interfere with their operations, but to create a predictable environment in which businesses could compete fairly.
“This initiative is not intended to disadvantage any service provider. On the contrary, credible data helps create a predictable regulatory environment in which businesses can plan and compete fairly, investors can make informed decisions and consumers can be protected,” Luembe said.
He said accurate industry data would enable the CAA to make fair, transparent and evidence-based regulatory decisions.
The information would also help the authority assess market trends, identify connectivity gaps, determine investment needs and understand operating conditions across the sector, he said.
Luembe said the information would allow the CAA to develop regulatory interventions based on the actual needs of the aviation industry.
“The submission of statistical and financial information was provided for under Section 166A of the Civil Aviation Act No. 5 of 2016, as amended, and was essential for effective economic regulation, planning and industry development,” he said.
Luembe assured stakeholders that commercially sensitive information would be handled responsibly in accordance with applicable laws, including the Data Protection Act No. 3 of 2021.
He said the CAA would continue engaging, educating and guiding industry stakeholders to ensure the reporting framework was implemented practically and transparently.
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