What is the deregulation law of airline?

The Act on the deregulation of Air Society is a court of federal legislation, which was signed in the law in 1978 by US President Jimmy Carter. It was enacted to remove certain government controls from the Commercial Aviation sector. His goals were the opening of the aviation industry competition and opening new opportunities for developing airlines and secondary airports. In 1958, CAA replaced the Civil Aviation Council (CAB.) Many powers that CAA got into the cabin. It was a control of interstate routes and tickets.

This type of control meant that when the airline wanted to start flying from one city to the other. However, this regulatory body was known for being non -humiliating and slow. His checks also resulted in the fact that consumers paid prices that were expected to be higher than they would be if competing prices were allowed.

mThe echoes of the deregulation of the aviation industry began at the beginning of the 70s. Many factors, such as the economic environment created by financial problems with the 1973 oil crisis and financial problems, were worried about the vitality of the industry. In 1978, the American Senator Howard Cannon introduced a bill, which later became the Act on the deregulation of Air Society. The bill was described as "the act of changing the Federal Aviation Act of 1958 to encourage, develop and achieve the air transport system, which relies on competitive market forces to determine the quality, diversity and prices of air services and for other purposes". October 24, 1978, the Law 95-504 was published by the Airlines of Airlines.

The new law brought numerous changes, many of which were to be good for consumers because they supported competition. For example, the deregulation Act demanded the end of the government process to determine the fare for domestic flights by 1983. This meant that airlineI could set their own prices. The market was also more competitive in that it was accessible to new airlines and allowed international carriers to offer home flights in the US.

Cab was excluded in 1985. The powers that it still retained after the airlines deregulation law was adopted were transferred to the Ministry of Transport. The Federal Aviation Administration (FAA) was entrusted with the establishment of commuting standards.