Freedom of the Skies Act

[AI summary unavailable — showing source text] Amends the Federal Aviation Act of 1958 to direct the Civil Aeronautics Board, in the exercise and performance of its powers and duties, to consider the necessity of maximum competitive market forces to provide the needed air transportation system. Establishes time limitations in which the Board is required to determine applications for certificates of public convenience and necessity. Directs the Board to issue such certificate as requested if it does not act within such period. Directs the Board to issue a certificate of public convenience and necessity to qualified applicants for service between any two cities not receiving non-stop scheduled air transportation. States that air carriers which engage in interstate air commerce solely with aircraft having a capacity of less than 56 passengers or 16,000 pounds of property shall not be required to obtain such a certificate. Requires the Board to reissue all certificates for interstate air transportation by January 1, 1981, in the form of an unduplicated list of city pairs that each air carrier is authorized to serve. Authorizes carriers to transfer, sell, or lease any or all of its authority to engage in interstate air transportatio…