Air Transportation Act

[AI summary unavailable — showing source text] Air Transportation Act - Title I: General Provisions - Defines terms, under the Federal Aviation Act of 1958, for purposes of such Act to expand charter air transportation. Requires the Civil Aeronautics Board in the exercise of its duties to consider regulation of the airline industry in a manner that encourages reliance on price and service competition as being in the public interest. States that the provisions of this title shall become effective upon the enactment of this Act. Title II: Revision of Present Regulation and Limitations to Foreign Air Transportation - Redesignates title IV (Air Carrier Economic Regulations) of the Federal Aviation Act of 1958 as title IV-A (Economic Regulation: Foreign Air Transportation). Makes such newly designated title applicable only to the regulation of foreign air transportation. Requires the Civil Aeronautics Board to act on applications for certificates of public convenience and necessity within 240 days of the filing date of such application. Permits air carriers to hold both scheduled and supplemental certificates. Prohibits the Board from imposing closed-door, single-plane, mandatory stop, or long haul restrictions on new certificates o…