Essay on Airline Industry Discussion

        The airline industry has been dealing with so many aspects and challenges over time and there has been various elements, which made their considerable effects on the airline industry. The first one is Paris Convention of 1919. It was kind of first international convention, who made an effect to address the aerial navigation and its relevant regulations. In international aerial navigation, intricacies as well as political difficulties were coon, and this convention tried to deal with these issues. The countries have different regulation and ideologies on air navigations, and this convention helped to reduce the confusions in this regard [1]

        Chicago Convention on International Civil Aviation was approved in 1944, which was another important development in the history of airline industry. With the help of this convention, a UN based agency was formed with the name of International Civil Aviation Organization (ICAO). The purpose of this agency was to regulate and coordinate international air travel. It made considerable effects on airline industry on international level by establishing some rules for aircraft registration & safety, airspace as well as transit air fuels taxation [2]

        The other important development for airline industry was the five freedoms of the air points detailed in the Chicago convention. These five points were instrumental in deicing the facts between countries regarding giving privilege to land as well as enter each other’s airspace. These freedoms allowed states that air service of one country can use the territory of another country without landing, and using territory by landing for non-traffic purposes etc. There were few additional freedoms as well, which made a huge impact on airline industry that how it will operate across the international borders [2]

        The above mentioned developments led to make bilateral air service agreements between two countries to finalize terms on regulation commercial air transport in their territories. The first significant bilateral agreement in this regard was Bermuda Agreement between United Kingdom and United States of America. These agreements were crucial for airline industry as they developed the roadmap for airline services that how territories will be used and what one country would allow to another country. These agreements had the capability to effect personal licensing, maintenance, production as well as designs of aircrafts as well.

    The treaty of open skies was signed in 1992 by United States and 23 other countries across the world. It was an agreement between the participants for doing mutual aerial territories observation for different purposes. This treaty was significant for the airline industry as such treaties have came up with more liberalization of international air service and air transport, which allowed the industry to look for new opportunities across the borders. This treaty was important to maintain more flight safety, and helped airline industry to achieve this feat with the passage of time [3]

References of Airline Industry Discussion