Word: alamuddin
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...high insurance coverage did not result from Israeli-Arab tensions, but from the brief Indo-Pakistani war in 1965. "At that time," says Sheikh Najib Alamuddin, MEA's president, "our aircraft served both Karachi and Bombay, and we decided to cover our fleet with complete war-risk insurance. Thank goodness we've continued to maintain those policies...
American Interest. Sheikh Alamuddin does not seem to be in a hurry to buy new planes. He obviously wants to make the best deal, and many manufacturers are eager to dicker with him. The French government, which, through Air France, owns 30% of MEA's stock, hopes to sell some Caravelles. Boeing has speeded up delivery for two 707s-MEA will get them this autumn-and would like to sell tri-jet 727s for short-and medium-range routes...
...catch was that to the Lebanese, business means bartering, and bartering is both an art and an adventure. So MEA's chairman, Sheik Najib Alamuddin, proposed to the British that his company would make partial payment for the jets in the form of surplus Lebanese apples; this would work out very nicely for the sheik, who is himself one of Lebanon's biggest apple-growers. The British, however, did not like them apples. Another idea-forming a British Aircraft Corp. subsidiary that would lease the planes to the Lebanese-was dashed last week when the British government revoked...
Cognac for Breakfast. The line now covers 12 countries in the Middle East, has also extended its routes beyond the Arab countries to London and Paris, Liberia and the Ivory Coast and east to India and Pakistan. Eventually, Alamuddin hopes, it will become the nucleus of a Pan-Arab airline. It carries 350,000 passengers annually, has helped to push
Lebanon's tourist influx from 89,000 in 1951 to 400,000 last year. It does a big business in carrying Christian pilgrims to Jerusalem, yearly flies Moslem pilgrims from all over the Middle East to Jeddah, the closest airport to Mecca. Though the Koran forbids liquor, Sheik Alamuddin provides it on most flights. Parched Moslem passengers can often be seen downing Scotch or cognac as soon as the planes take to the air on Middle East's early-morning flights from Kuwait and Saudi Arabia...