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The Civil Aeronautics Board (CAB) was an agency of the federal government of the United States, formed in 1940 from a split of the Civil Aeronautics Authority [1] and abolished in 1985, that regulated aviation services (including scheduled passenger airline service [2]) and, until the establishment of the National Transportation Safety Board in 1967, conducted air accident investigations.
The Civil Aeronautics Board (CAB; Filipino: Lupon sa Aeronautika Sibil [2]) is a government agency of the Philippines attached to the Department of Transportation tasked to regulate, promote and develop the economic aspect of air transportation in the Philippines and to ensure that existing CAB policies are adapted to the present and future air commerce of the Philippines.
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The CAB had earned a reputation for bureaucratic complacency; airlines were subject to lengthy delays when they applied for new routes or fare changes, and were often not approved. For example, World Airways applied to begin a low-fare New York City–to–Los Angeles route in 1967; the CAB studied the request for over six years, only to ...
Since many cab drivers took out loans in order to afford medallions when values were high, many have subsequently been forced to declare bankruptcy. In September 2020, Marblegate Management LLC, the largest holder of NYC medallion loans, decided to write off $70 million in debt that indigent cab drivers still owed.
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