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Flying into the Future
Air Transport Policy in the European Union
Flying into the Future explores the organization of air transport in the European Union. It analyses the nature of the industries supplying air transport services, the institutional structure of air transport services, and impediments to increased efficiency in the provision of air transport. The reduction in institutional barriers and regulations has led to a more efficient provision of air transport services in the EU. This book assesses the improvements in the efficiency of air transport services, and highlights institutional and physical problems impeding further efficiency gains. The authors examine airline operations, and the ability of two or more transport systems to operate effectively in tandem. They also consider how to make the boundaries between different transport networks invisible, as well as discussing issues of national organization and the juridical structures which impede operations. The analysis examines both the internal European Union market for air transport services and the links between it and the rest of the world.
Other key issues discussed include: * EU air transport developments in the context of global markets * comparisons of recent developments in aviation policy between the EU and the United States * the problems of congestion in the air transport industry in Europe * the growth and significance of airline alliances. The authors not only consider the economics of European air transport but also legal, political, technical and geographical issues. They explore the problems of providing air transport in the context of inadequate information, institutional constraints, inherent market imperfections and imprecise objectives. Flying into the Future will be essential reading for industrialists, policymakers and academics interested in transport economics and transport policy.
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What Reviewers Are Saying
'Overall, the book provides an excellent review of the many complex and often conflicting issues facing EU policymakers in devising appropriate regulatory measures to deal with a rapidly evolving air transport sector and one in which even defining a market is fraught with difficulties... I would have no hesitation in recommending the book to those wishing to gain a detailed understanding of the economic regulation of air transport in Europe.' -- George Williams, Journal of Air Transport Management 'Generally, this is a very useful and welcome text, that should be appreciated by both policymakers and the academic community. Balancing theory and empirical detail, it provides a valuable grounding on key aspects of air transport economics, organization and regulation with particular reference to the still-evolving European context.' -- Clive Charlton, Journal of Transport Geography 'This interesting book addresses a number of highly topical issues in the airline industry... the book is a timely contribution to the debate on air transport policy, a debate that is taking place the world over... The book makes very interesting reading, especially the chapters on infrastructure and airline alliances.' -- Pat Hanlon, The Economic Journal