This is a timely new study of the international airline industry. Praised by EU Commissioner for Transport Neil Kinnock as an 'important contribution' to the open skies debate, the book uses a comparative analysis of US and EU airline deregulation to define a new legal order for global air transport in the 21st century. This is the first full-length study of the world airline industry to evaluate the new American international aviation policy, the European Commission's campaign for a mandate to pursue multilateral air transport negotiations, the phenomena of code-sharing and global airline alliances, and the findings of important industry studies by the US presidential airline commission and the EU's Comite des Sages. A major feature of Professor Havel's analysis is his unprecedented use of the unpublished transcripts and archival materials of the US investigative panel. The book includes a foreword by Commissioner Kinnock. It is intended for an academic and professional audience, in both the United States and Europe, interested in the complex legal and policy issues that currently affect the world's most visible service industry.