Page:United States Statutes at Large Volume 92 Part 2.djvu/451

 PUBLIC LAW 95-504—OCT. 24, 1978 during the first thirty days of any labor strike, and (C) that any party to such agreement will agree to submit the issues causing any labor strike to binding arbitiation pursuant to the Railway Labor Act if the striking employees request such binding arbitration. " (3) For purposes of this subsection, the term— " (A) 'mutual aid agreement' means any contract or agreement between air carriers which provides that any such air carrier will receive paymejits from the other air carriers which are parties to such contract or agreement for any period during which such air carrier is not engaging in air transportation, or is providing reduced levels of service in air transportation, due to a labor strike; and "(B) 'direct operating expenses' includes interest expenses but does not include depreciation or amortization expenses.". (b) That portion of the table of contents contained in the first section of the Federal Aviation Act of 1958 which appears under the side heading

92 STAT. 1731

45 USC 151. "Mutual aid agreement."

"Direct operating expenses."

"Sec. 412. Pooling and other agreements."

is amended by inseiting at the end thereof " (e) Mutual aid agreements.". ANTITRUST

EXEMPTION

SEC. 30. (a) Section 414 of the Federal Aviation Act of 1958 (49 U.S.C. 1384) is amended to read as follows: "ANTITRUST EXEMPTION

"SEC. 414. In any order made under section 408, 409, or 412 of this Act, the Board may, as part of such order, exempt any person affected by such order from the operations of the 'antitrust laws' set forth in subsection (a) of the first section of the Clayton Act (15 U.S.C. 12) to the extent necessary to enable such person to proceed with the transaction specifically approved by the Board in such order and those transactions necessarily contemplated by such order, except that the Board may not exempt such person unless it determines that such exemption is required in the public interest.". (b) That portion of the table of contents contained in the first section of such Act which appears under the center heading " TITLE IV—AIK CARRIER ECONOMIC REGULATION"

is amended by striking out "Sec. 414. Legal restraints."

and inserting in lieu thereof



"Sec. 414. Antitrust exemption.". EXEMPTION

AUTHORITY

SEC. 31. (a) Section 416(b)(1) of the Federal Aviation Act of 1958 (49 U.S.C. 1386(b)(1)) is amended to read as follows: 'EXEMPTIONS

"(b)(1) Except as provided in paragraph (2) of this subsection, the Board, from time to time and to the extent necessary, may exempt from the requirements of this title or any provision thereof, or any rule.

49 USC 1378, 1379, 1382.

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