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This looks different….as will the scene afterwards

31-Jul-2008

Mike Levine, guru of US aviation, and an architect of US deregulation, began a presentation to the International Aviation Club in Washington this week by giving a short history of the airline industry over the last 80 years. His observation was that every time there had been a major downturn for the airlines, business quickly bounced back into the usual virtuous cycle of lower costs and system expansion. [656 words]

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