Aviation Competition Restoration Act

[AI summary unavailable — showing source text] Aviation Competition Restoration Act - Amends Federal aviation law to prohibit, with a specified exception, an air carrier from acquiring, directly or indirectly, any voting securities or assets of another air carrier that results in such carrier's having more than ten percent of the passenger enplanements in the United States, if the Secretary of Transportation determines that such acquisition would: (1) lessen competition substantially; or (2) result in unreasonable industry concentration, excessive market domination, monopoly powers, or other conditions that would tend to allow at least one air carrier unreasonably to increase prices, reduce services, or exclude competition in air transportation at any large hub airport or in at least ten percent of the top 500 markets for passenger air transportation in the United States. Directs the Secretary to examine any hub airport affected by such a proposed acquisition to determine whether such airport has complied with the AIR 21 competition plan and whether gates and other facilities are being made available at costs that are fair and reasonable to air carriers at covered airports where a "majority-in-interest clause" of a contract or …