The problem with that is that regulation is there to keep the airlines operating at a "decent floor level" (ie safety) If they show they can happily ignore cer

The problem with that is that regulation is there to keep the airlines operating at a "decent floor level" (ie safety) If they show they can happily ignore certain regulations (ie compensation) they we must assume they will ignore / avoid all other regulations. And that has safety implications in short, like the navy, enforce all the regulations vigorously - or remove regulations you won't enforce. Maybe it is not possible to operate a well regulated airline that can fly you to Geneva for less than a coach ride to the airport. And this is why we like science and nature. There is no VC capital approach to disruption of Gravity.