Hands will shake and heads will nod, we get by by the grace of god
New name, a worsening in FTLs (flight time limitations) and probably more politictians whose voices need to be heard (at least by themselves), and yet another cashflow. Need to keep the economy going you know

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Why not combine the FAA and the JAA/EASA and call it the WHAA - Western Hemisphere Aviation Authority? Harmoized rules and regs regarding everything. Choose what works well, and scrap what is utter BS.