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OPINION: Aviation will muddle through capacity growth

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One way to summarise aviation history is to trace two eras of development. Era 1 was about invention and technology; flight itself, all-metal structures, pressurisation and jets made for useful range, payload and speed. Era 2 has been marked by politics; starting with deregulation in the 1970s, rising wealth and the post-Cold War flourishing of international trade transformed air travel from luxury to commodity.

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