the fact remains that post World War II, the air transport sector was rapidly nationalized around the world, across most countries. The process had begun in Great Britain even before World War II. Notwithstanding the commitment of liberal democracies to free market economy and the development of private enterprise, shattered economies, weak financial institutions, frail private enterprises, legacy issues, rising strategic importance of air services and the absence of a robust regulatory framework post-World War II forced governments to take over and nationalize airline business.
