QUESTION 1Explain the impact that the 1978 deregulation of US airlines has had upon the global airli

QUESTION 1Explain the impact that the 1978 deregulation of US airlines has had upon the global airline industry, particularly on new entrant and low-fare airlines. Present your opinion on the positive and negative impacts of the US deregulation.QUESTION 2Explain the impact of the events of 9/11 has had upon the global airline industry. Present your opinion on the positive and negative impacts of the US deregulation.QUESTION 3Summarize global industry challenges in your textbook.QUESTION 4Chicago Convention marks a critical milestone in the history of aviation and made several fundamental contributions to the conduct of domestic and international civil aviation. Summarize these contributions and share your point of view on ‘liberal’ and ‘protectionist’ regulatory environments.QUESTION 5Describe four critical aspects of air services provided in bilateral and multilateral ASA’s. Explain how airfares are agreed upon under traditional agreements, open market agreements, and open skies agreements.