LYCOS RETRIEVER 
Airlines: International Airlines
built 655 days ago
The CAB, because of its comprehensive regulatory jurisdiction over the airline industry, had the authority to approve agreements between airlines and to grant antitrust immunity to those transactions that it approved. With the sunset of the CAB, DOT received authority to approve and immunize agreements affecting international air transportation; ... the authority over domestic transactions lapsed.
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In the U.S., over 200 airlines have merged, been taken over, or gone out of business since deregulation in 1978. Many international airline managers are lobbying their governments to permit greater consolidation to achieve higher economy and efficiency.
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