Competition
Competition in aviation refers to the rivalry between airlines or airports to attract passengers or cargo. This rivalry can take many forms, such as offering lower fares, better amenities, or more convenient schedules. Competition can be both beneficial and detrimental to the aviation industry. On one hand, it can lead to innovation, lower prices, and increased efficiency. On the other hand, it can lead to overcapacity, price wars, and bankruptcies. Competition is regulated by government agencies to ensure fair practices and prevent monopolies.
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- Coordinated Universal Time: Coordinated Universal Time (UTC) is the primary time standard by which the world regulates clocks and time. It is one of several closely related successors to Greenwich Mean Time (GMT). For aviation purposes, UTC is used as the standard tim ... Read More >>
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- Capacity: Capacity in aviation refers to the maximum number of passengers, cargo or weight that an aircraft can carry. It is determined by various factors such as the size and weight of the aircraft, fuel capacity, range, and the number of crew membe ... Read More >>
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