Which act led to a wave of airline failures and takeovers in the United States?
Airline Deregulation Act of 1978
Federal Aviation Act of 1958
Civil Aeronautics Act of 1938
Air Commerce Act of 1926
Answer
The Airline Deregulation Act of 1978 led to a wave of airline failures, start-ups, and takeovers in the United States. As a result, TWA was spun off from its holding company in 1984.
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