Published at Sunday, March 31st, 2019 - 15:37:35 PM. Type of airline. By Ailse Hahn.
In recognition of the essential national economic role of a healthy aviation system Congress authorized partial compensation of up to $5 billion in cash subject to review by the U.S. Department of Transportation and up to $10 billion in loan guarantees subject to review by a newly created Air Transportation Stabilization Board (ATSB). The applications to DOT for reimbursements were subjected to rigorous multi-year reviews not only by DOT program personnel but also by the Government Accountability Office 45 and the DOT Inspector General. 46 47
One argument is that positive externalities such as higher growth due to global mobility outweigh the microeconomic losses and justify continuing government intervention. A historically high level of government intervention in the airline industry can be seen as part of a wider political consensus on strategic forms of transport such as highways and railways both of which receive public funding in most parts of the world. Although many countries continue to operate state-owned or parastatal airlines many large airlines today are privately owned and are therefore governed by microeconomic principles to maximize shareholder profit.
Any content, trademark’s, or other material that might be found on the Jennifer-thomas website that is not Jennifer-thomas’s property remains the copyright of its respective owner/s. In no way does Jennifer-thomas claim ownership or responsibility for such items, and you should seek legal consent for any use of such materials from its owner.