The Air Transportation Safety and System Stabilization Act, signed into law September 22, 2001, authorizes the board to issue up to $10 billion in federal loan guarantees to air carriers for which credit is not otherwise available and where "such agreement is a necessary part of maintaining a safe, efficient and viable commercial aviation system in the United States. Legal services to the Board were provided by contract by New York-based law firm Curtis, Mallet-Prevost, Colt & Mosle.
The ATSB denied applications from nine carriers: Ozark Airlines dba Great Plains Airlines, MEDjet International, Corporate Airlines, Gemini Air Cargo, Frontier Flying Service, Spirit Airlines, National Airlines, and both initial and revised applications from United Airlines and Vanguard Airlines.
Multifactor Productivity Change in the Air Transportation Industry: Productivity Increases in the U.S. Airline Industry-The Nation's Primary Intercity Mass Transportation System-Have Played a Significant Role in the Industry's Cost-Containment Efforts and Its Ability to Accelerate Growth
Mar 01, 2005; The U.S. air transportation industry is a key component of the U.S. economy. About 42 percent of all passenger trips with...