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Many other countries have subsequently deregulated their domestic markets, and a similar process has applied to airline markets within the European Union. However, many international airline markets remain subject to tight regulation.
[edit] Airline deregulation in the United States
Prior to 1978, the Civil Aeronautics Board (CAB) controlled many aspects of domestic aviation in the United States. In particular, airlines required permission to serve any given route and incumbents could raise many obstacles to the granting of permission. The system was dismantled as a result of the Airline Deregulation Act...
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