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THE 1980'S: A DECADE OF REVITALIZATION FOR AVIATION
Pages 71-76

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From page 71...
... Along with this growth to maturity has come the establishment of a large infrastructure that we refer to as the National Aviation System. A network of airports, navigation systems, and air traffic control facilities have been built to serve the hundreds of thousands of aircraft that now operate in the United States.
From page 72...
... For example, the international monetary system created at Bretton Woods at the end of World War II has been substantially changed in the last few years. The United States dollar no longer serves as the world's only reserve and trading currency.
From page 73...
... Based upon reported data, in l973 the cost of fuel was about l0 percent of total operating costs. Even with the efficiency and load factor improvements we have seen since then, this figure has risen to the point that when jet fuel prices reach $l.00 per gallon -- which is not hard to imagine -- it will drive fuel costs up to more than 30 percent of total operating costs.
From page 74...
... This lower rate results from a continuing shift to larger passenger capacity for air carrier transport aircraft. On the other hand, we axpect total air taxi and commuter operations to nearly double by l990.
From page 75...
... On the other hand, we see rapidly rising operating costs -- with soaring fuel costs as the major contributor -- increasing the pressures for much more efficient aircraft and expeditious traffic movement. To deal effectively with this situation we will have to either make substantial capital investments in the national aviation system or face the possibility that constraints must be imposed.
From page 76...
... The commuter airlines are moving into the market opportunities made available as the air carriers and local airlines restructure their routes. Since the commuter airlines generally use smaller aircraft than the air carriers and locals, there is a large market emerging for small transport aircraft -- sort of a middle market between the general aviation aircraft and the large, high technology aircraft of the airlines.


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