This book embarks on a contemporary analysis of the interaction of
economics and law relating to air transport, delving into the major
issues that plague the industry. It shows how some of the thorny
and frustrating issues could be approached sensibly. Among the
issues discussed are the anomaly of exponential growth of air
transport which makes airline profitability continue to be poor;
the legislative impediments in most countries that preclude direct
foreign investment in the industry; the confounding and muddled
mess behind the economics of aircraft engine emissions; and the
inexplicable reality that, although civil aviation is primarily
meant to meet the needs of the people of the world, State
regulators have upended the equation and given priority to national
interests over the interests of the passenger. The book will be of
interest to economists and lawyers alike who deal with air
transport issues, and also to academics and students in the area of
transportation as well as regulators and airlines.
General
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