1. State regulation of civil aviation 4
2. Central principles of the 1978 Airlines Deregulation Act 8
3. Fundamental principles of the Single European Sky (SES) initiative 9
Civil aviation is one of two major categories of flying, representing all non-military aviation, both private and commercial. International Civil Aviation Organisation (ICAO) classifies civil aviation activities as commercial (scheduled and non-scheduled) air transport services and general aviation (non-commercial business aviation, instructional flying, pleasure flying, aerial work, and other flying).
Civil aviation refers to a group of industries whose enterprises are most controlled. Moreover, neither in literature nor in practice, the need for external influence on the state of the civil aviation market is questioned; disputes are only about the extent and methods of state regulation. The state’s interference in the activities of airlines is necessa...
QUESTION 1 Mrs Bounty manages a diversified UK equity portfolio which has a current market value of £2 million and a beta value of