Third County Cabotage possible ?

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I was thinking of opening a company in an underserved market where also neighbouring countries currently are not served very well. These countries are not member of any open market treaty.

Because of the border shape I was thinking of connecting two of the neighbour countries largest cities through the hub in my home country. I was now wondering if passengers were allowed to travel on this connection (via my hub) since it is technically a form cabotage. I know in real life there a often restrictions on this, for instance an airline from Korea may not sell a ticket with a routing from Los Angeles to Guam via Seoul since origin and final destination are both within the US.

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There are no restrictions on this in AirlineSim. You get full traffic rights for flights to/from your home country and these can be combined freely.

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Google traffic Rights on airlinesim wiki.

Transporting passengers through your own hub is always allowed (with a few exceptions, such as no flights from Israel to various Middle Eastern countries and a couple more). Even if people go from country A through your hub in country B back to their country A. In fact, the latter is often a high source of revenue if you are in a small country next to a  bigger country, or if the border is shaped like that.