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Anomalies in Airline Economics

  • Ruwantissa Abeyratne
Chapter

Abstract

The problem with air transport is that, while on the one hand it is a product, on the other hand regulations pertaining to this product may constrain its availability to the consumer by depriving him of the various choices of air travel he might have under a liberalized system. In other words, State policy and the protection of national interests take precedence over the interest of the user of air transport The aviation industry offers only one product to the ultimate consumer and that is the air transport product. One might well ask why this product is precluded from attracting untrammelled foreign direct investment (FDI) like others in the agriculture, textile manufacture and energy industries. There are three reasons for this.

Keywords

Foreign Direct Investment Supra Note North American Free Trade Agreement Geneva Convention Flag State 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2012

Authors and Affiliations

  • Ruwantissa Abeyratne
    • 1
  1. 1.Organization (ICAO) International Civil AviationMontrealCanada

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