To Amend the Federal Aviation Act of 1958: Hearings, Ninety-first Congress, First Session ... March 18, 20 and 26, 1969Committee Serial No. 91-14. Considers S. 1373, to amend the Federal Aviation Act of 1958 to empower the CAB to prohibit acquisition of an air carrier by a noncarrier if the acquisition is not judged to be in the public interest. |
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Common terms and phrases
acquire control acquisition of control agency air carrier air transportation airline Airways anticompetitive effects antitrust laws application authority bill Board approval BUDGE CAB approval CAB's capital stock certificate CHAIRMAN CHERINGTON Civil Aeronautics Board Commission common carrier competition concern conglomerate CONGRESS THE LIBRARY controlling an air corporation Court CROOKER Department of Justice determine effective date enactment exemption Federal Aviation Act hearing industry involved issue Justice Department Kerkorian legislation LIBRARY OF CONGRES LIBRARY OF CONGRESS MAGNUSON matter McLAREN ment merger noncarrier operation Pan American percent percentage phase of aeronautics present presumption of control problem proposed provision public interest question regulation regulatory require retroactive section 408 Senator CANNON Senator COTTON Senator HANSEN Senator PEARSON situation statement statute stock or capital stock ownership stockholders suggested takeover tion TIPTON trans transaction U.S. Senate voting securities voting stock WARREN G Western Air Lines WESTWOOD
Popular passages
Page 116 - An Act to supplement existing laws against unlawful restraints and monopolies, and for other purposes," approved October 15. 1914, and of all other restraints or prohibitions made by. or imposed under, authority of law, insofar as may be necessary to enable such person to do anything authorized, approved, or required by such order.
Page 12 - ... to maintain and continue the development of air transportation to the extent and of the character and quality required for the commerce of the United States, the Postal Service, and the national defense.
Page 122 - The encouragement and development of an air transportation system properly adapted to the present and future needs of the foreign and domestic •commerce of the United States, of the postal service, and of the national defense...
Page 128 - railroad' as used in this act shall Include all bridges and ferries used or operated in connection with any railroad, and also all the road in use by any corporation operating a railroad, whether owned or operated under a contract, agreement, or lease; and the term 'transportation' shall include all instrumentalities of shipment or carriage.
Page 5 - No corporation shall acquire, directly or indirectly, the whole or any part of the stock or other share capital and no corporation subject to the jurisdiction of the Federal Trade Commission shall acquire the whole or any part of the assets of...
Page 110 - States who undertakes, whether directly or indirectly or by a lease or any other arrangement, to engage in air transportation: Provided, That the Board may by order relieve air carriers who are not directly engaged in the operation of aircraft in air transportation from the provisions of this Act to the extent and for such periods as may be in the public interest.
Page 128 - ... shall include cars and other vehicles and all instrumentalities and facilities of shipment or carriage, irrespective of ownership or of any contract, express or implied, for the use thereof and all services in connection with the receipt, delivery, elevation, and transfer in transit, ventilation, refrigeration or icing, storage, and handling of property transported...
Page 122 - Competition to the extent necessary to assure the sound development of an air-transportation system properly adapted to the needs of the foreign and domestic commerce of the United States, of the Postal Service, and of the national defense...
Page 110 - States engaged in any phase of aeronautics; (5) For any air carrier or person controlling an air carrier, any other common carrier, or any person engaged in any other phase of aeronautics, to acquire control of any air carrier in any manner whatsoever...
Page 47 - Board shall not approve any consolidation, merger, purchase, lease, operating contract, or acquisition of control which would result in creating a monopoly or monopolies and thereby restrain competition or jeopardize another air carrier not a party...