ABSTRACT
Its vast landscape and robust commercial environment has kept sustained air travel demand in America, which boasts the world’s largest single air transport market, with around two million people, 50,000 tons of cargo, and more than one million bags travelling onboard 25,000 flights every day. Air transport remains of significant importance to the US economy, generating more than $530 billion in gross value added contribution to GDP. The USA is undoubtedly the world champion in liberalising both its domestic and international air transport markets and has been persistently pressing other countries to follow suit. Back in 1944 when the Chicago Conference was held, the USA was one of the few nations that advocated a free regime for international air transport to allow competition for efficiency and productivity.
