A Flight Plan Towards Financial Stability - The History and Future of Foreign Ownership Restrictions in the United States Aviation Industry

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  • Source:
    Journal of Air Law and Commerce, 2008/07/01, Vol: 73, p487
  • Additional Information
    • Author:
      Bimal Patel
    • Citation:
      73 J. Air L. & Com. 487
    • Copyright:
      Copyright (c) 2008 Southern Methodist University Dedman School of Law
    • Abstract:
      THE AMERICAN AVIATION industry is a curious paradox. On the one hand, since deregulation, certain aspects of the industry are relatively laissez faire. For example, entry into the domestic U.S. aviation market is freely allowed, provided only that a proposing carrier can prove financial and safety fitness and U.S. ownership. On the other hand, even following deregulation, the industry remains very highly regulated in many aspects of its business. One area where this paradox is apparent is in the debate regarding foreign ownership and control of airlines in the United States and the European Union ("EU"). Most recently, European negotiators have insisted upon the relaxation of current foreign ownership restrictions in the United States, making it almost (but not quite) a prerequisite for an open skies agreement 1 between the United States and the EU. An open skies agreement between two parties is the epitome of a liberalized industry, particularly impressive given the importance of the international context. 2 However, the reluctance of the United States to relax the ownership and control restrictions indicates exactly how regulated the industry still remains. This paper will explore whether the United States should relax its restrictions on foreign ownership of U.S. airlines. The first section will outline the history of foreign ownership restrictions in the U.S. airline industry from 1926 to the present. The second section will outline the history of ownership restrictions in the European airline industry. The third section will outline the legal and economic arguments in favor of, ...
    • Subject Terms:
    • Keywords:
      international
      particularly
      prerequisite
      restrictions
      deregulation
      liberalized
      negotiators
      reluctance
      importance
      impressive
    • Accession Number:
      edslex2C29BA90
  • Citations
    • ABNT:
      PATEL, B. A Flight Plan Towards Financial Stability - The History and Future of Foreign Ownership Restrictions in the United States Aviation Industry. Journal of Air Law and Commerce, [s. l.], v. 73, p. 487, 2008. Disponível em: http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edslex&AN=edslex2C29BA90&custid=s8280428. Acesso em: 18 fev. 2020.
    • AMA:
      Patel B. A Flight Plan Towards Financial Stability - The History and Future of Foreign Ownership Restrictions in the United States Aviation Industry. Journal of Air Law and Commerce. 2008;73:487. http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edslex&AN=edslex2C29BA90&custid=s8280428. Accessed February 18, 2020.
    • APA:
      Patel, B. (2008). A Flight Plan Towards Financial Stability - The History and Future of Foreign Ownership Restrictions in the United States Aviation Industry. Journal of Air Law and Commerce, 73, 487.
    • Chicago/Turabian: Author-Date:
      Patel, Bimal. 2008. “A Flight Plan Towards Financial Stability - The History and Future of Foreign Ownership Restrictions in the United States Aviation Industry.” Journal of Air Law and Commerce 73 (July): 487. http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edslex&AN=edslex2C29BA90&custid=s8280428.
    • Harvard:
      Patel, B. (2008) ‘A Flight Plan Towards Financial Stability - The History and Future of Foreign Ownership Restrictions in the United States Aviation Industry’, Journal of Air Law and Commerce, 73, p. 487. Available at: http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edslex&AN=edslex2C29BA90&custid=s8280428 (Accessed: 18 February 2020).
    • Harvard: Australian:
      Patel, B 2008, ‘A Flight Plan Towards Financial Stability - The History and Future of Foreign Ownership Restrictions in the United States Aviation Industry’, Journal of Air Law and Commerce, vol. 73, p. 487, viewed 18 February 2020, .
    • MLA:
      Patel, Bimal. “A Flight Plan Towards Financial Stability - The History and Future of Foreign Ownership Restrictions in the United States Aviation Industry.” Journal of Air Law and Commerce, vol. 73, July 2008, p. 487. EBSCOhost, search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edslex&AN=edslex2C29BA90&custid=s8280428.
    • Chicago/Turabian: Humanities:
      Patel, Bimal. “A Flight Plan Towards Financial Stability - The History and Future of Foreign Ownership Restrictions in the United States Aviation Industry.” Journal of Air Law and Commerce 73 (July 1, 2008): 487. http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edslex&AN=edslex2C29BA90&custid=s8280428.
    • Vancouver/ICMJE:
      Patel B. A Flight Plan Towards Financial Stability - The History and Future of Foreign Ownership Restrictions in the United States Aviation Industry. Journal of Air Law and Commerce [Internet]. 2008 Jul 1 [cited 2020 Feb 18];73:487. Available from: http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edslex&AN=edslex2C29BA90&custid=s8280428