Legal Solutions | USA
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The aviation industry has borne the full force of the global financial crisis. The combined effect of excess capacity, weakening yields and escalating fuel costs has created, for the aviation environment, the “perfect storm”. In the past 18 months more than 40 airlines have collapsed while those that remain fight for their survival. World-wide, governments and regulatory agencies are pursuing new directions and aviation policies with increased liberalisation and open skies agreements to create greater efficiencies for the industry while maintaining effective legislative and safety oversight.