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100 YEARS OF SCHEDULED COMMERCIAL AVIATION: 1978 US AIRLINE DEREGULATION ACT

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100 YEARS OF SCHEDULED COMMERCIAL AVIATION:  1978 US AIRLINE DEREGULATION ACT

Last Newsletter, in our 100 Years of Scheduled Commercial Aviation Time Line Series you could read about when in 1976 the Concorde flew for the first time on scheduled service.  This week we continue on the time line to 1978 when the US Airline deregulation Act was signed. 

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The Airline Deregulation Act is a United States Federal law signed into law on October 24, 1978. The main purpose of the act was to remove government control over fares, routes and market entry (of new airlines) from commercial aviatiion. The Civil Aeronautics Board's powers of regulation were to be phased out, eventually allowing passengers to be exposed to market forces in the airline  industry. The Act, however, did not remove or diminish the FAA's regulatory powers over all aspects of airline safety.

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