Word: cartels
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Dates: during 1970-1979
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AIRLINES High-Level Mess While the world monetary system continues to rattle and shake, another citadel of international agreement is falling further into disarray. The airline cartel, embodied in the 108-member International Air Transport Association, has entered a fresh round of warfare over transatlantic air fares. Passengers stand to benefit from lower fares, but some lines may suffer disastrous losses...
...jetting to Europe this summer, executives of 40 international airlines voluntarily grounded themselves in Montreal. In 40 days of meetings they tried to reach an agreement on a new set of transatlantic fares to be charged by all members of the International Air Transport Association (I.A.T.A.). The 108-member cartel has dictated the price of international air travel for 26 years, but by the time the meeting adjourned last week, it was no longer dictating. It had managed to work out a complex compromise, and the agreement may come apart before the summer ends. The West German state-owned airline...
...Brazen Cartel...
...hammered out through it. For all its faults, IATA is a necessary forum for airlines to exchange technical information, and it helps to maintain high safety and service standards. Even the Soviet Union's Aeroflot has lately raised its service standards in hopes of joining the capitalistic cartel...
...confrontation looks like a scene from the United Nations on one of its wilder days. On one side are the small-nation airlines and their allies-a majority of the membership-which favor retaining lATA's price-fixing power and the relatively high prices that the cartel has set. On the other side are the superpowers, eager for lower fares and resentful of the majority's dominance. Said one big-four negotiator in Montreal: "We're sick and tired of little airlines like Air Afrique telling us what we can charge on routes they...