AERT 3540 Mid T/F Flashcards
Cabotage is a freedom of the air that allows an air carrier to transport passengers and cargo between points within a foreign country.
true
The first International Freedom of the Air allows an aircraft operator to land in another country without picking up or setting down passengers or cargo
false
The second International Freedom of the Air allows an aircraft operator to fly over another country without landing.
false
International Organizations, such as the International Air Transport Association (IATA) and the Airports Council International (ACI), do not play important role within international air law
fasle
Demand substitution means the demand for a particular product or service can be met through a different or alternative product or service
true
One of the practical solutions to dealing addressing economies of scale in aviation businesses is through consolidation
true
General Aviation can serve as means of transport and also means of accomplishing an activity while in the air
true
Under international air law, all countries that have signed on to the Chicago Convention have complete freedom to each other’s space
false
Unlike other types of autonomous demands, aviation demand is considered to be a derived type of demand
true
Demand substitution means the demand is easily reacting to the market changing conditions
false
Aircraft operators are still expressing the need for cost-effective aircraft
true
The Wright Brothers are famous because they were the inventors of aviation
fasle
Signatory to the convention and contracting State refer to the same meaning i.e. A Member State that has signed on to a convention.
true
The National Transportation Safety Board (NTSB) is the primary regulatory and safety agency for the aviation industry
fasle
In general, piston engines are used within smaller general aviation aircraft
true
From the FAA’s perspective, aircraft leases are characterized as either operating leases or capital leases
false
All aircraft mortgages must be filed with the FAA headquarters office in Washington DC
false