International Air Transport Association | international cartel | Britannica (original) (raw)

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regulation of air fares

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  In transportation economics: Transportation regulation and deregulation
  …fares are established by the International Air Transport Association (IATA), a cartel (or organization) of all the world’s air carriers. Cartels known as conferences also regulate the rates charged by ocean liners that carry cargo on a regular basis. Each conference is made up of member lines that serve certain…
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