Word: aloftness
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Hard times in the airline industry have left a few strong carriers with most of the traffic and a handful of debt-ridden ones struggling to stay aloft. Last week two of the weaker airlines decided that a merger may help them survive. TWA chairman Carl Icahn, who began pursuing a merger with Pan Am two months ago, finally persuaded the rival carrier to agree tentatively to a deal. Under the terms, TWA would acquire Pan Am for $375 million, or $2.50 per share in cash and securities. The merger, however, depends upon Icahn's ability to provide a bridge...
That assessment could quickly change. But in the meantime, Israel remains in a rather unnerving defensive posture. Air defenses along the Jordan Valley have been strengthened with additional batteries of Hawk surface-to-air missiles, and an increased number of Israeli interceptors are kept aloft 24 hours...
...commanders. The plane (the second one will be ready next June) replaces the Boeing 707s in use since 1962. The President's quarters include an office that converts to a medical emergency room and a dining room. It flies 7,000 miles nonstop and, with aerial refueling, can stay aloft nearly three days...
...depended almost solely on the shuttle to orbit satellites until after the Challenger disaster, the U.S. has fallen behind in the development of expendable rocket launchers. More and more U.S. companies are looking to the European Space Agency's Ariane rocket, which last week carried two television satellites aloft, for placing commercial satellites in orbit, and also -- now that Washington has given its approval -- to the Soviet Proton...
...back into Texas, where it was deflated by remote control. In April a balloon at Marfa, Texas, was buffeted on the ground by winds and self- destructed. Another balloon that was due to be installed at Rio Grande City, Texas, has not yet been floated. That leaves just three aloft. But even when these helium-inflated giants are trouble-free, on-line agents question their effectiveness. They cannot be flown in bad weather, and the drug activity they pinpoint is often in remote terrain that undermanned law- enforcement agencies must spend hours to reach. When they get there, the dopers...