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

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 02.23.15

Airborne 02.24.15

Airborne 02.25.15

Airborne 02.26.15

Airborne 02.27.15

Airborne Hi-Def On YouTube

Airborne 02.23.15

Airborne 02.24.15

Airborne 02.25.15

Airborne 02.26.15

Airborne 02.27.15

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(right) said early, "In recent years, many of the world's long standing and restrictive bilateral agreements have been replaced by more liberal open skies agreements.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

Airborne 02.27.15: CS300 Flies, Nimoy Goes West, NTSB's Hart OK'd, PBOR II

Also: Bell 505 Update, Mooney Update, UAV Hysteria, AAR Sells Telair, True Blue Power, More UAV Waivers, Flyers Rights The Bombardier CSeries CS300 airliner made its first flight t>[...]

Aero-News: Quote Of The Day (03.01.15)

“Sentinel 2 is the next important milestone to deploy Europe´s Copernicus program for which Airbus Defence and Space is a key contributor. In particular, we are prime c>[...]

ANN's Daily Aero-Term (03.01.15): Advancing Blade

Advancing Blade That half of the rotor disc in which the rotation of the blade is moving in the same direction as the movement of the helicopter. If the helicopter is moving forwar>[...]

ANN's Daily Aero-Linx (03.01.15)

Aero Linx: The New England Helicopter Council The New England Helicopter Council is committed to promoting rotorcraft aviation through and for the benefit of our membership. If you>[...]

CASA Grants Extension On Small Aircraft Licensing Transition

Australian Agency Lengthens Training Period For Maintenance Candidates The Civil Aviation Safety Authority of Australia has extended the training period for individuals seeking a s>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC