Word: carriere
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George Bush quickly called the agreement a "cave-in" by Saddam. In part, it was. Saddam relented in the face of signs that the U.S. was reaching for its guns. Over the weekend, with the carrier Independence already in the Persian Gulf, the Pentagon moved the Saratoga to the eastern Mediterranean and dispatched Patriot launchers and missiles to Kuwait. But Baghdad's two-steps- forward-one-step-back confrontation with Washington allowed Saddam for the first time have a say in the makeup of a U.N. inspection team. It also let him claim a triumph over...
...exchange of threats between Washington and Baghdad and frantic negotiations at U.N. headquarters in New York City to seek Iraqi compliance. By week's end the U.S., Britain and other allies were careering toward another showdown with Iraq. Shore leave in the Mediterranean for crew members of the aircraft carrier Saratoga was canceled, President Bush met with top defense advisers, and officials in several Western capitals huddled to phrase an ultimatum...
...deals to date, British Airways agreed to acquire a 44% equity stake in USAir for $750 million. If approved, the transaction will result in the largest airline alliance ever and could accelerate worldwide consolidation of the industry. The most immediate impact, though, will be to rescue the Arlington, Va., carrier from a cloudy financial future. After expanding rapidly in the late 1980s, USAir was blown off course by the economic recession and a slowdown in air travel. It has lost more than $800 million since 1989, including $149 million so far this year...
...main winner will be British Airways, now the world's biggest international carrier. The transaction fulfills its long-held desire to enter the American market, fly into more U.S. cities and pick up more American travelers for its transatlantic flights. Although foreign ownership of American airlines is limited to a 49% stake and 25% of voting stock, European and Asian carriers have rushed to make deals. KLM Royal Dutch bought 20% of Northwest in 1989, and in 1988 Pan Pacific Hoteliers Inc., a subsidiary of Japan Airlines, took a 20% position in Hawaiian Airlines...
...Braniff International Airlines, reincarnated almost as often as Shirley MacLaine, is dead again, becoming the fourth major U.S. airline to end operations in the past 18 months. The harried carrier, founded in 1928 and once one of the largest U.S. airlines, abruptly ceased service just before the holiday weekend, stranding thousands of passengers. It's the third time in 10 years that the airline, which claims it is a victim of the airfare price war, has folded its wings...