The Trump administration has a real opportunity to deliver on its promise to streamline the regulatory state. That opportunity comes from the proposed elimination of more than 50 regulations imposed on the airline industry — many of them designed to protect safety.
Air safety has been a sensational success story. In the U.S., commercial accidents have been at very low levels for years. In 2016, more than 40,000 Americans died in motor vehicle accidents. By contrast, not even one American died in airline crashes from scheduled domestic carriers. The most recent fatal accident was more than seven years ago, in early 2009.
Market forces are a big reason. A crash is international news, and it’s horrible for business. Airlines have every incentive to ensure safety.
Regulation is also part of the picture. The top priority of the Federal Aviation Administration is safety — as reflected, for example, in a 2011 regulation designed to reduce the risks associated with pilot fatigue. If the airline industry feels overburdened by regulation (and it does), it is because the government mandates precautions, in the form of requirements that may not do a lot of good, but that are based on the idea of “better safe than sorry.”
Though it has not made the list public yet, the Aviation Rulemaking Advisory Committee, which advises the FAA, is finalizing its recommendations to eliminate unjustified or outmoded regulations. One of its big targets is what
Article source: https://www.bloomberg.com/view/articles/2017-09-21/deregulation-of-air-safety-rules-can-be-a-model