Word: aires
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...timing couldn't be better, as air travel is approaching pre-9/11 levels. Moreover, U.S. financial houses are rapidly expanding in London, and the merger wave is in full bloom in Europe. "I'm surprised that EOS and MAXjet are still with us," says Andrew Lobbenberg, a transport analyst at ABN AMRO, "but they've gotten lucky because of the transatlantic cycle. Business travel is booming right...
...smooth air for the start-ups. Virginia-based MAXjet launched in November 2005 with 102 all-business-class seats on a 767 flying between J.F.K. and Stansted. Price: $1,500. But MAXjet's expansion to the Washington-Dulles/London route has floundered. The company suspended that service and says it will resume in May. Despite talk of mechanical problems and low load factors, CEO William Stockbridge, who abruptly took over after Gary Rogliano stepped down just a year after launch, says MAXjet will soon add two jets to its fleet, making a total of five, and offer another destination...
...economics rather than environment that attracted Nigel Hysom and Craig Thrussell to Silverjet, whose $1,800 price appeals to a category of flyer called SMEs, for "small and medium enterprises." The two London-based financial consultants fly as often as twice a month and usually take Air India because of its low $2,000 round-trip business fare. "We don't have the buying power to fly BA or Virgin," says Hysom. "As a growing business, we have to look at costs--and a flat bed is everything...
...transatlantic market, buoyed by corporate travel, can keep a lot of planes in the air, but should the traffic slow, the incumbents could always resort to price wars, a tactic they've used in the past to shoo away upstarts. The upstarts, on the other hand, need new markets, which could test their operating capability. "EOS is still the gold standard, but Silverjet is proving that the alternative carriers are here to stay," says Michael Holtz, owner of the Smart Flyer, a high-end travel agency in New York City. As a publicly traded company, Silverjet will be under pressure...
...also ordinary conversations in homes and marketplaces, arousing a fury even in those who have no obvious, pressing grievance. Neither Muslawi nor Hussein has suffered personal loss, but they are relatively able to tap into the same loathing that motivates the Shi'ite militias and Sunni jihadis. "The air has become poisoned [by sectarianism], and we have all been breathing it," says Abbas Fadhil, a Baghdad physician. "And so now everybody is talking the same language, whether they are educated or illiterate, secular or religious, violent...