This book embarks on a contemporary analysis of the interaction of
economics and law relating to air transport, delving into the major
issues that plague the industry. It shows how some of the thorny and
frustrating issues could be approached sensibly. Among the issues
discussed are the anomaly of exponential growth of air transport which
makes airline profitability continue to be poor; the legislative
impediments in most countries that preclude direct foreign investment in
the industry; the confounding and muddled mess behind the economics of
aircraft engine emissions; and the inexplicable reality that, although
civil aviation is primarily meant to meet the needs of the people of the
world, State regulators have upended the equation and given priority to
national interests over the interests of the passenger. The book will be
of interest to economists and lawyers alike who deal with air transport
issues, and also to academics and students in the area of transportation
as well as regulators and airlines.