Air Service Improvement Act

[AI summary unavailable — showing source text] Air Service Improvement Act - Amends the Federal Aviation Act of 1958 to direct the Civil Aeronautics Board, in the performance of its duties, to consider reliance on competitive market forces in the airline industry and the encouragement of new air carriers as being in the public interest and in accordance with public convenience and necessity. Stipulates that the Federal government shall have preemptive powers with respect to air carriers holding valid certificates or licenses under such Act or who were granted exemptions in order to provide interstate or overseas air transportation. Stipulates that such preemption shall not take effect with respect to carriers solely engaged in intrastate air service as of August 1, 1977 and which were subsequently granted a license, certificate, or exemption to engage in additional transportation until at least 25 percent of the carrier's revenues for the preceeding year are derived from interstate air transportation. Establishes time limitations during which the Civil Aeronautics Board must dispense with applications for certificates of public convenience and necessity to engage in air transportation. Authorizes the Board to dismiss an applica…