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‘A New Industrial Code’ Needed for Airline Industry,Expert Proposes

Steve Scott

Monday, February 9th, 2004

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The majority of U.S. airlines teeter on the razor's edge of survivability, and it's impossible to determine in the present environment if safety has deteriorated, according to a new study of the reigning chaos in the airline industry which proposes a new public-private partnership to stabilize the situation. Matthew Andersson, a 30-year industry veteran and chief executive officer of Aviation Development Holdings of Phoenix, Ariz., prepared the industry overview. In a telephone interview, Andersson said the current situation could be…

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