Published at Saturday, April 06th, 2019 - 01:13:56 AM. Type of airline. By Adelle Jäger.
Codesharing is the most common type of airline partnership; it involves one airline selling tickets for another airline s flights under its own airline code. An early example of this was Japan Airlines (JAL) codesharing partnership with Aeroflot in the 1960s on Tokyo–Moscow flights; Aeroflot operated the flights using Aeroflot aircraft but JAL sold tickets for the flights as if they were JAL flights. This practice allows airlines to expand their operations at least on paper into parts of the world where they cannot afford to establish bases or purchase aircraft. Another example was the Austrian–Sabena partnership on the Vienna–Brussels–New York/JFK route during the late 60s using a Sabena Boeing 707 with Austrian livery.
Congress passed the Air Transportation Safety and System Stabilization Act (P.L. 107-42) in response to a severe liquidity crisis facing the already-troubled airline industry in the aftermath of the September 11th terrorist attacks. Through the ATSB Congress sought to provide cash infusions to carriers for both the cost of the four-day federal shutdown of the airlines and the incremental losses incurred through December 31 2001 as a result of the terrorist attacks. This resulted in the first government bailout of the 21st century. 43 Between 2000 and 2005 US airlines lost $30 billion with wage cuts of over $15 billion and 100 000 employees laid off. 44
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