Word: carriere
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...provide a seamless travel experience." Last week Houston's Continental Airlines, struggling to emerge from its second Chapter 11 bankruptcy proceedings in a decade, announced that it too had found a cross-border partner. A group of investors, led by Air Canada, will invest $450 million in the Texas carrier as soon as it clears bankruptcy, which it expects to do early next year...
...seen by its U.S. partner as a move into the big leagues. After a decade of rapid expansion, USAir has stalled, losing $973 million since 1989. Says George James, an airline-industry analyst: "Their situation is desperate. They have grown into an airline the size of a global carrier without global routes. If they don't obtain the British Airways deal, they will have to reduce their size back down to that of a regional commuter airline...
...their stake, each taking 27.5% ownership in Continental. American Airlines chief Crandall praised the Continental agreement last week as "a good, fair, free-trade-based, cross-border investment deal." Having satisfied Continental's creditors, the deal must now win the approval of the U.S. bankruptcy court overseeing the Houston carrier's restructuring. Said Robert Ferguson, Continental's chief executive officer: "This is the first of several possible alliances that will enable Continental to establish its global presence in the future...
Even the Big Three U.S. airlines protesting the British Airways-USAir deal are making connections of their own. Delta has quietly aligned itself with Singapore Airlines and Swissair, each of which own 5% of the Atlanta carrier's stock. American has held talks with Canadian Airlines International. The Airline Monitor's Greenslet expects six or eight key global alliances to take shape before the end of the decade...
...Crimson defense stopped Eli star tailback Keith Price cold in the first half, holding the explosive runner to just 28 yards on 12 carrier. Hetherington ran for 42 yards on nine carries. HARVARD, 14-0 at The Stadium Harvard 7 0 7 0 -- 14 Yale...