Word: flyer
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...terrorist attack near Jerusalem's Western Wall, an Israeli pilot was captured by the Shi'ite Amal militia. At week's end, as Israeli troop strength was beefed up on the Lebanese border, the fragile national unity government in Jerusalem hastily closed ranks and angrily demanded the captive flyer's return. "We must remain alert," declared Shamir. "There must be no wavering...
...rapid maneuvers, Texas Air has emerged as the high flyer in the country's fierce merger wars. On Oct. 1 Northwest Airlines formally merges its flight schedule with Republic's, creating what will be the fifth largest U.S. airline, with 9.4% of the market. Trans World Airlines, which gained DOT % approval early this month for its $250 million purchase of Ozark Air, will soon be the sixth-place carrier (8.1%). Two weeks ago Delta Air Lines announced a bid to take over the fourth-place spot (11.9%) in the passenger race with an $860 million play for Western. Warns...
...bigger airlines slowly fought back. United, American, Piedmont and others have set up two-tier hiring, with lower pay scales for new employees. On some planes, the three-person flight crews of yore have been reduced to two. Established airlines have been able to offer frequent-flyer programs and the convenience of powerful computerized reservation systems to woo back customers. The counterrevolution has to a large extent worked. Says George James, president of Washington's Airline Economics: "There is far less motivation for going into the industry now that the big companies can compete well...
...protest quickly landed Maltret at a Paris police station, where he was charged with flying at an altitude of less than 6,500 feet above the city without permission. The former navy flyer may face three months' imprisonment, a $10,000 fine and loss of his pilot's license...
Nobody has ever become a frequent flyer by booking a seat on GPA. For that matter, no passenger has ever eaten a meal served by a GPA flight attendant or checked a bag with the company. Yet Shannon, Ireland-based GPA, formerly known as Guinness Peat Aviation, owns one of the world's largest commercial passenger jet fleets. Instead of flying its planes, which will soon number 187, GPA leases them to some 25 airlines, including Pan American, Qantas and People Express. For cash-strapped carriers, renting a Boeing 737, even at $240,000 a month, is often more affordable...