As a fellow Aviation student I know all to well the problems of last minute assignments!
Cant help you with Q-1, its to deatiled to go onto here
but q-2, you can write stuff about BA buying (i think) 25% of QF, and then the formation of basically two mega airlines in the two large alliance, star, and oneworld. The haw all the airlines involved interline all their flights to meet the other airlines. For example you can travel SYD, to CDG, all on QF flight numbers, but never get on a QF plane, and how the world is leading towards this kind of organisational structure. Not much has changed in the mgmt side though, except a few poms on the QF board. The Airlines are trying to do battle as alliances rather than seperate entities, it star vs. oneworld, rather that QF, vs UA.
Hope that helps a bit, there are heaps of good anti-globalisation websites from all those protesters at Seattle, and Switzerland where they had those big riots recently.
Roughly deregualtion means no or little government subsidies paid to the airlines by the Government to fly on particualr routes, eg you could fly from SYD to HBT, and not make any money but the government would pay you, till the point that it balanced, before derugualtion. I could be wrong on that!
P.S what Airline Business school you go to?