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Published at Tuesday, April 02nd, 2019 - 12:15:51 PM. Type of airline. By Amalasand Horn.

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.

Regulation by definition substitutes the judgment of the regulator for that of the marketplace according to Elizabeth E. Bailey David R. Graham and Daniel P. Kaplan in their book Deregulating the Airlines (The MIT Press 1985 p. 96).



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