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Essay / Research Paper Abstract
In eight pages this paper examines the global business of aviation in an overview of future developments in the airline industry, covering such topics as economics, airworthiness requirements, maintenance and licensing requirements, use of airspace, and the “virtual airline.” Seven sources are listed in the bibliography.
Page Count:
8 pages (~225 words per page)
File: TG15_TGaviation.rtf
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Unformatted sample text from the term paper:
moment Charles Lindbergh stepped out of his cockpit in Paris after the successful completion of his transatlantic flight in 1927. However, the globalization of business and financial markets has
enabled aviation to soar in unforeseen directions that have resulted in international airline integration and cross-national ownership development (Aharoni & Nachum 2000). But this expansion was coming at a
time when the airline industry was struggling with the challenges posed by U.S. deregulation, which other countries began emulating during the 1980s (Aharoni & Nachum 2000). What resulted from
this global privatization of the airline industry was that government regulations on pricing, routing, gateway access, passenger and cargo limits were relaxed, which ignited a price war that only intensified
with the Persian Gulf War (Aharoni & Nachum 2000). The economic recession that followed forced many airlines into bankruptcy by the early 1990s, and so to encourage growth overseas,
the U.S. government took steps to relax restrictive national regulations beginning with the first Bush administrations Open Skies agreement with the Netherlands in 1992 (Aharoni & Nachum 2000). This
allowed these countries airlines to acquire unrestricted air services in the U.S., the Netherlands, and elsewhere (Aharoni & Nachum 2000). This paved the way for the 1993 partnership between
Northwest Airlines and KLM Royal Dutch Airlines and the Open Skies agreements were extended by the Clinton administration to included Canada, Central America, Europe, the Middle East, and Asia (Aharoni
& Nachum 2000). To encourage global alliances, the United States Department of transportation granted antitrust immunity to participating characters, which increased competition and expanded carrier goods and services beyond
what individual airlines could handle on their own. However, it could be argued that the relaxing of government regulations and restrictions to cultivate international business contributed to the increase
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