Word: oneworld
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Dates: during 2000-2009
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...mogul Ernesto Bertarelli; shipping magnate Vincenzo Onorato; British tech millionaire Peter Harrison; and, of course, all the old and new money associated with the New York Yacht Club. After the first round robin in the famously capricious winds of Auckland's Hauraki Gulf, two of the highest-spending syndicates, OneWorld Challenge (budget: $75 million) and Alinghi Challenge ($55 million) could be pleased that their investment had won them a share of the lead. But with six rounds to go before the February showdown with the Kiwis, nobody will be uncorking any champagne just yet. "The second round robin will...
Swiss, which has a codeshare agreement with American Airlines for the lucrative U.S. market, is pushing for membership in OneWorld, a global alliance of eight airlines that includes American and British Airways. If regulatory approvals are not granted, Baumgartner says, Swiss will negotiate agreements with individual carriers...