Hope for Industry: Mineta's View | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 05.18.17

Airborne
05.22.17

Airborne
05.23.17

Airborne
05.17.17

Airborne
05.18.17

Airborne
05.19.17

Airborne-Unmanned 05.23.17

Airborne-YouTube

AMA 05.18.17

Airborne
05.22.17

Airborne
05.23.17

Airborne
05.17.17

Airborne
05.18.17

Airborne
05.19.17

Airborne-Unmanned 05.23.17

XPONENTIAL Innovation Preview -- www.allthingsunmanned.com

Tue, Jun 03, 2003

Hope for Industry: Mineta's View

Delivering the keynote address to the IATA convention that opened Monday in D.C., Secretary of Transportation Norm Mineta presaged some of IATA Director General and CEO Giovanni Bisignani's ideas, outlined (elsewhere in ANN today) in what the organization is calling the "Washington Declaration."

More competition can be a good thing.

Mineta (right) said early, "In recent years, many of the world's long standing and restrictive bilateral agreements have been replaced by more liberal open skies agreements. This liberalization has been successful because it produces public benefits that are simply not possible under restrictive regulations. Liberalization provides airlines with the opportunities and incentives to become more efficient. It provides airlines with new business opportunities while strengthen existing operations. This freedom to grow and compete should be at the heart of every aviation agreement worldwide."

Maybe we need a new way to run things...

"While bilateralism opened markets in the 20th century, the 21st century requires a new model," Mineta continued. "In order to further expand aviation markets, we need a broader, multilateral or regional framework that replaces the current patchwork of aviation agreements. I encourage you to join us in crafting a vision for what is possible in global air transportation." There is no way, he seemed to be saying, that he would let market conditions simply find a solution; government must be the answer.

How about getting more money into US airlines?

Aware of how badly US airlines, in particular, have been hit by the increasing cost of compliance with expensive "safety" regulations, he thought that foreign investors might like to send more money this way; American investors seem to be all tapped out, and wary of the current premium-airline model.

He noted, "The U.S. Department of Transportation recently submitted to the Congress a request for consideration of a proposal to grant U.S. airlines greater access to foreign capital markets. The request raises the permissible level of foreign ownership of voting stock in U.S. airlines to 49 percent, provided that effective control remains in U.S. hands. This change would make U.S. law broadly consistent with the EU rules governing ownership and control of EU member-state airlines."

FMI: www.dot.gov

Advertisement

More News

AMA Drone Report 05.18.17: Drone-Jumping!, AMA Sightings Report, King Schools

Also: DJI Smart TV App, Huerta: Unmanned Aircraft 'Good News Story', XPONENTIAL Innovation Preview Ya had to see it to believe it... An ingenious Latvian UAS operation has pulled o>[...]

Airborne-Unmanned 05.23.17: Courts Nix Model Regs, Autonymous Flt, WATT 300

Also: King Schools Update, Kittyhawk APP, Robird And Integrated Drone Solutions, ICAO Drone Tracking The unmanned community got a bit of a jolt late last week when the US Court of >[...]

Airborne 05.23.17: Icon A5 NTSB Report, Product Certification, GE9X Testing

Also: UAL Cockpit Doors, NAHI 2017, Drone Database, Manual Flying Skills, Heli-Theft, Runway Extension, New SecAF The NTSB has released its preliminary report from an accident invo>[...]

Airborne-Unmanned 05.23.17: Courts Nix Model Regs, Autonymous Flt, WATT 300

Also: King Schools Update, Kittyhawk APP, Robird And Integrated Drone Solutions, ICAO Drone Tracking The unmanned community got a bit of a jolt late last week when the US Court of >[...]

Airborne-Unmanned 05.16.17: XPONENTIAL 2017, Airbus Aerial, Parrot Professional

Also: AUVSI BOD, PrecisionHawk's Free PrecisionMapper, Consortiq, XPONENTIAL 2017 Innovation Preview As opening sessions go, it was an eye-opener. Intel CEO Brian Krzanich took the>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC