Word: canadair
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Dates: during 1990-1999
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...York City. He had left his home in Pittsburgh, Pa., the previous afternoon and flown to Raleigh, N.C., via Cincinnati and at 4:10 p.m. the next day was on his way to his office on Long Island. He had traveled all four legs on Comair's 50-seat Canadair Regional Jets. He was thrilled, a feeling that commuter-airline passengers usually get only in dicey weather. "I have some reservations when I'm told I'm flying a Delta Connection flight," said Paffenroth, uttering the dreaded words that often indicate a slow, noisy, cramped trip in a turboprop...
...regional carriers and their affiliates, it all means more profits. The Canadair Regional Jet has a sticker price of $18 million, vs. $7.5 million for an Embraer Brasilia, a popular 30-seat turboprop, but because the jet generates higher revenues, it has been profitable for Comair since its first month of operation. It has also fueled growth for Comair. The carrier's revenues have more than doubled since 1993, the year Comair started flying jets, to $564 million in fiscal 1997. Profits have risen meteorically: last year Comair posted net income of $75.4 million, an increase of 291% from...