Explain what is meant by “Open Skies,” and discuss the evolution of these international agreements affecting access to world aviation markets. Compare “Open Skies” arrangements with bilateral agreements.Topic 2: Global Deregulation – Describe how American deregulation has impacted Europe.Topic 3: Post 9/11 Legislation – Discuss how the Air Transportation Safety and System Stabilization Act and the Homeland Security Act both financially assisted the airlines and increased their financial burden.Topic 4: International Cargo and 9/11 – What impact did 9/11 have on the international air cargo industry and how did they adjust to these changes?