Air Transportation Industry Flashcards
0
Q
Equipment type
A
Size of the aircraft
1
Q
TIM
A
Travel information manual
2
Q
What are the different sizes of aircraft?
A
737 747 767 Airbus DH8 AE30
3
Q
What are the different class types?
A
First - F. Also Premium - P in some countries. Not to be confused with Economy P.
Business - J
Economy - V, L, B, M, P, T, Z, Y
4
Q
Open market
A
Allows competitive and consumer demand to influence retailers/service providers. Little or no regulation.
5
Q
Monopoly
A
No competition. The only business in town.
6
Q
Regulation
A
Rules and regulations.
7
Q
Deregulation
A
The removal of rules and regulations.
8
Q
Regulatory reform
A
Improving the quality of regulations.
