Braniff ceased operations on the afternoon of May 12, 1982. At eight o'clock the next morning there were two or three new carriers serving [Dallas Fort Worth] airport.
Can you imagine something similar happening in Australia? Like hell. It would be months, if not years, before CASA had finished processing all the paperwork, audited the updated manuals and issued any required approvals.
And despite their problems we still wonder why the US seems to be able to generate a powerhouse economy.
