Word: ferrises
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Hertz last week got someone new in its driver's seat. UAL Inc., the $6.9 billion parent of United Airlines, announced plans to buy the largest and oldest (founded 1918) U.S. car-rental company for $587.5 million in cash from RCA, which has owned it for 18 years. By combining...
United sees Hertz as a natural extension of its airline business. About 80% of car rentals are made by airline passengers, and Hertz, with 400,000 cars and trucks parked in 120 countries, books more of them than any other company. United may attempt to link some of its services...
In the competitive airline industry, however, highflyers often suddenly crash to the ground. United Chairman Richard Ferris insists that his airline ; cannot afford to fly without a two-tier wage policy. Although pilots have not traditionally staged long walkouts, both sides last week seemed to be digging in for a...
United (1984 revenues: $6.2 billion), the largest U.S. air carrier, has long sought to add the booming Far East to its flight plan. "We're ecstatic," said United Chairman Richard Ferris. "For years we've been an applicant in all Pacific route cases, with only one recent success." That was...
Ferris will be followed by Charles Krigbaum, a professor of music at Yale, who will perform the final 17 works in the collection.