Published at Tuesday, April 02nd, 2019 - 07:46:23 AM. Type of airline. By Ailse Hahn.
A more recent development is the airline alliance which became prevalent in the late 1990s. These alliances can act as virtual mergers to get around government restrictions. Alliances of airlines such as Star Alliance Oneworld and SkyTeam coordinate their passenger service programs (such as lounges and frequent-flyer programs) offer special interline tickets and often engage in extensive codesharing (sometimes systemwide). These are increasingly integrated business combinations—sometimes including cross-equity arrangements—in which products service standards schedules and airport facilities are standardized and combined for higher efficiency. One of the first airlines to start an alliance with another airline was KLM who partnered with Northwest Airlines. Both airlines later entered the SkyTeam alliance after the fusion of KLM and Air France in 2004.
Ultimately conceding to reason and democratic rule President Jimmy Carter signed the Airline Deregulation Act on October 28 1978 in the process eliminating the need for CAB approval of route entrance and exit and reducing most of the current fare restrictions. Even those would eventually be eliminated when the Civil Aeronautics Board in its now famous sunset was disbanded in 1985.
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