As Gramm noted, Carter’s elimination of the Civil Aeronautics Board was a significant triumph; however, new proposals for airline regulation have gained traction in the Biden administration.

CAE Inc. reported better margins than expected in its defence segment, as it waits for less profitable contracts to expire.

Airlines had to get permission from the Civil Aeronautics Board for any change in their routes, schedules, prices, and so forth. Airlines could not adjust their equipment, schedule or fares to ...