Remember the financial industry crisis in 2008? Now imagine the same principles of light touch, ‘performance-based’ and self-regulation were applied to air travel. The consequences would be alarming. In reality, today already, a combination of economic pressure and an aviation system that grows in traffic and in complexity is pushing the airlines to cut costs, reduce safety margins and push the regulations to their limits by flying strictly to what the law says is safe. And the law itself is often a near-image of an industry wish list, assuming that the market will regulate itself or the legislator will at a later stage correct any flaws.