Regulatory arbitrage in action
keyser-soze at hushmail.com
keyser-soze at hushmail.com
Sun May 26 20:43:58 PDT 2002
Flight Schools See Downside to Crackdown
By DAVID FIRESTONE with MATTHEW L. WALD
The security crackdown meant to keep terrorist hijackers out of American flight schools has forced thousands of foreign students to train overseas, weakening the country's global dominance in aviation training, officials in the industry say.
That shift, they warn, could ultimately mean greater risks for air travelers, because American flight schools are the main source of well-trained commercial pilots for foreign airlines.
http://www.nytimes.com/2002/05/27/national/27FLIG.html
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