Word: frontier
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Running the biggest airline would be a dream come true at last for Frank Lorenzo, Texas Air's ambitious chairman, who failed in earlier efforts to buy Trans World Airlines and then Frontier Airlines. But a Texas Air-Eastern combination would be a nightmare for other airlines. Lorenzo has made Houston- based Texas Air, which owns Continental Airlines and New York Air, highly successful by paying relatively low wages and offering passengers cut-rate prices. As head of Texas Air and Eastern, he could easily trigger the most vicious fare wars that the industry has ever known...
...Eastern-Texas Air and TWA-Ozark deals merely accelerate a merger binge that was already well under way. In the past four months, People Express has acquired Frontier, and Northwest has agreed to buy Republic. Says Louis Marckesano, who follows the industry for the Janney Montgomery Scott investment firm: "At this rate, in five to ten years the American airline industry will look like the U.S. auto industry, with three or four megacarriers covering the globe." If that happens, Texas Air and TWA are determined to be among the survivors...
...Yalie tapped to train the invaders in communications. Peter MacNicol--best known as the neophyte writer Stingo in the film Sophie's Choice--is brilliant in the part, shifting from gawky innocence to sadder but wiser recollection and infusing it all with the self- intoxicating energy of the New Frontier. He is ably assisted by Polly Draper as a needling older sister and especially by Tony Plana as the most soulful and ultimately most disillusioned of the Cubans...
...Rabin has been able to claim that the Lebanese border was safer than it had been for years. With the support of only a few hundred Israeli soldiers, the Israeli-backed, predominantly Christian South Lebanon Army militia has been notably effective in preventing Palestinian-inspired attacks across the Israeli frontier. At the same time, the mainstream Shi'ite Amal militia in southern Lebanon has not opposed Israeli efforts to keep down the level of P.L.O. activity, but it cannot afford to risk a confrontation with Hizballah, which has a considerable following among the Shi'ite Muslims of the south...
...world's worst space disaster shifted dramatically, and distressingly, in tone last week. After 24 successful space-shuttle flights, the explosion of Challenger and the loss of its seven crew members had been widely viewed as a tragic but virtually inevitable cost of pioneering on the high frontier of space. As it one day must, so it was said, ill fortune had finally overtaken the methodical, ever cautious, technological wizards of the National Aeronautics and Space Administration. Declared President Reagan on that fateful day: "It's all part of the process of exploration and discovery; it's all part...