Caos aéreo e tragédia dos comuns: Falhas de mercado e de governo

The purpose of this paper is to exam the regulatory failures in the Brazilian air transport sector, evidenced by the crisis started after the tragic aircraft crash in 2006.Initially, it presents a historical review of the regulation in the sector, pointing out the legal and infralegal norms and the conjunctural changes in recent years. Through the exposure of the principal effects of the lack of regulation - decrease of flight's quality, flights concentration at the largest airports and infrastructural failures - it is made suggestions regarding the presented points, including a discussion of the administrative draft. Finally, a post-scriptum describes the initiatives of the executive and legislative power, attempting to solve the crisis.