Word: airlinese
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AIRLINES & AIRPORTS
AIRLINES & AIRPORTS
Lost Luggage. Should your checked bags get lost in transit, here's some good news: The U.S. Department of Transportation has ordered airlines to raise the minimum amount they must compensate passengers for lost suitcases, from $3,000 for each bag to $3,300. The rule takes effect in time...
The reorganization option faded after William O. Douglas (then SEC chairman, later a Supreme Court Justice) persuaded Congress in 1938 to approve more punitive bankruptcy laws, but it was resurrected by Congress in 1978 as Chapter 11 of the bankruptcy code. Since then Chapter 11 has been used to reorganize...
• Nearly 20 years ago - after he made his first million dollars - Cuban bought a lifetime American Airlines pass and flew all over the world. In 2000, he bought his own jet for a reported $40 million, over e-mail.