Regulation & Deregulation

Open Aviation for a Global Industryby Fred Smith and Braden Cox

Competitive Enterprise Institute

October 16, 2003

In this the 100th anniversary of the Wright brothers’ historic flight, CEI looks at how restrictions on transatlantic competition could soon be lifted. TheEuropean Union is working toward creating an “Open Aviation Area” with the United States to promote increased commercial opportunities for theglobal aviation industry. In addition, the U.S. is considering a revision of its rules that limit foreign ownership of U.S. airlines and allow for increasedforeign ownership and capital investment.

URL: cei.org/gencon/027,03604.cfm

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Event Transcript: Open Aviation for a Global Industry

Removing the Last Barriers to Airline CompetitionBy Braden CoxSeptember 01, 2003Print Email Share

Transcript available in pdf format

Open Aviation for a Global Industry:

Removing the Last Barriers to Airline Competition

held on August 14, 2003 in Washington, DC

This year marks the 100th anniversary of the Wright brothers’ historic flight that gave birthto the aviation industry. A century later, regulatory controls that restrict transatlanticcompetition are still in place in the United States. Bi-lateral “Open Skies” agreementsbetween the U.S. and over 50 other countries have relaxed some of the restrictions but theystill do not allow for the kind of freedoms existing in other worldwide industries. Fortunately,those restrictions could soon be lifted.

The European Union is working toward creating an “Open Aviation Area” with the U.S. thatwill create increased commercial opportunities for the global aviation industry. In addition,the U.S. is considering a revision of its rules that limit foreign ownership of U.S. airlines andallow for increased foreign ownership and capital investment.

Opening Remarks: Robert L. Crandall, former CEO, American Airlines

Keynote Luncheon Address: Michael E. Levine, Professor, Yale Law School

Panelists included:

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