I. Answer at leastoneof the following discussion questions.

• Topic 1 - Open SkiesExplain what is meant by Open Skies and discuss the evolution of these international agreements affecting access to world aviation markets. Compare Open Skies arrangements with bilateral agreements.
• Topic 2 - Global DeregulationDescribe how American deregulation has impacted Europe.
• Topic 3 - Post 9/11 LegislationDiscuss how the Air Transportation Safety and System Stabilization Act and the Homeland Security Act both financially assisted the airlines and increased their financial burden.