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Essay text:
New entrants on the other hand have to meet the strict security requirements put up by the Federal Aviation Administration, as well as a huge capital to begin with. Also government restrictions in aviation industry and brand identification will make a new entrant short of passengers in this industry. Substitutes for airline industry are difficult to come by as time today is the most valuable asset for a business and a human being. Therefore, for an airlines company introduction of a low fares and safety issues have to be met in order to attract a large consumer and earn a steady profit. Airlines now have to provide better customer service and cheap fares...
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