LEVENTHAL, Circuit Judge: On August 7, 1964, the Civil Aeronautics Board, 1 two members dissenting, issued a “policy statement” regulation (PS-24), providing that only all-cargo carriers may provide “blocked space service” — essentially the sale of space on flights at wholesale rates, when “blocked” or reserved by the user on an agreement to use a specified amount of space. 2</footnot…
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