[;This book embarks on a contemporary analysis of the interaction of economics and law relating to air transport. Among the issues discussed are the anomaly of exponential growth of air transport which makes airline profitability continue to be poor, the legislative impediments in most countries that preclude direct foreign investment in the industry, the confounding and muddled mess behind the economics of aircraft engine emissions, and the inexplicable reality that, although civil aviation is primarily meant to meet the needs of the people of the world, state regulators have upended the equation and given priority to national interests over the interests of the passenger. , This book embarks on a contemporary analysis of the interaction of economics and law relating to air transport. Among the issues discussed are the anomaly of exponential growth of air transport which makes airline profitability continue to be poor, the legislative impediments in most countries that preclude direct foreign investment in the industry, the confounding and muddled mess behind the economics of aircraft engine emissions, and the inexplicable reality that, although civil aviation is primarily meant to meet the needs of the people of the world, state regulators have upended the equation and given priority to national interests over the interests of the passenger. ]