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...head off bankruptcy, Northwest Airlines, the fourth largest U.S. carrier, agreed to give its unions a strong voice on its board of directors and a large financial stake in the company in exchange for contract concessions worth $1 billion...

Author: /time Magazine | Title: News Digest July 4-10 | 7/19/1993 | See Source »

...beat-up hangar at Spokane International Airport, the upstart service plans to begin flying passengers between the states of Washington and Idaho as soon as it receives clearance from federal regulators. The brainchild of Paul Salerno, 38, and his brother Bruce, 41, who run a family-owned cargo carrier called Salair, Classic is not a joke. Insists Paul Salerno: "We expect to be taken very seriously...

Author: /time Magazine | Title: You Too Can Run An Airline | 7/19/1993 | See Source »

United, American and Delta may not be cowering at the thought of Classic Air, but the one-plane carrier represents a competitive spirit that is sweeping the entire industry -- and may ultimately threaten the industry leaders. In the biggest burst of entrepreneurial excitement since the boom after deregulation in the early 1980s, it seems that almost everyone with a hankering to start an airline is suddenly preparing for takeoff. Despite an industrywide slump and record losses of $8 billion since 1990, some 15 passenger airlines have begun flying in the past year alone. They range from Reno Air, a full...

Author: /time Magazine | Title: You Too Can Run An Airline | 7/19/1993 | See Source »

Like Portsmouth, the Norfolk shipyard was not on the Pentagon's original list and did not at first take its late addition very seriously. The yard was founded in 1767 and built the first U.S. battleship, the Texas, and the first U.S. aircraft carrier, the Langley. The yard employs 10,000 workers and has seven dry docks that can handle any ship in the Navy...

Author: /time Magazine | Title: Ready, Aim, Shut Down | 6/28/1993 | See Source »

...almost year later, the Race Czar has faced a fiery trial which has included a coalition of minority student groups who dubbed Harvard "the Peculiar Institution," a Boston Globe profile which called him "the water carrier" of the administration, and bureaucratic infighting in his own backyard...

Author: By John Tessitore, | Title: Epps Pushes for Reform | 6/10/1993 | See Source »

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