THE GLOBAL AIRLINE industry took notice in the last months of 2007 when President George W. Bush and Transportation Secretary Mary Peters suggested that the US government would impose "congestion pricing" at one of the world's most pivotal airports, New York JFK. President Bush's expression of support for a "market-driven" solution to excessive flight delays at JFK and his comparison of peak-hour airline traffic to rush-hour roadway congestion set off alarm bells in the offices of senior ...

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