Word: gormanic
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...begun to phase out its lucrative business of providing maintenance for other airlines. Maintenance projects at the base can require up to 100,000 mechanic-hours for the overhaul of a single 747 jumbo jet. "We've added 3,000 people in less than a year," says Joseph O'Gorman, United's senior vice president for maintenance operations, "and we're looking at another 1,000 in the next six months for the care and feeding of older planes." But that is just the beginning. "As our fleet expands and our service to Europe starts up next year...
Airline executives firmly deny that a debt-heavy buyout would affect their maintenance practices. "There sure as hell won't be any scrimping on maintenance here," says United's O'Gorman. "Our rule is that time and cost are not considerations when maintaining airlines." At Northwest, which paid a $650,000 fine to the FAA last month after a 1988 inspection turned up a list of maintenance problems, officials contend that the carrier has an ample cash flow to repay its debt without lowering its maintenance standards. Wall Street analysts tend to accept such views. Says Julius Maldutis, who follows...
STAFF WRITERS: Daniel Benjamin, Lisa Beyer, Janice Castro, Howard G. Chua- Eoan, Philip Elmer-DeWitt, Guy D. Garcia, Nancy R. Gibbs, Christine Gorman, Barbara Rudolph, Michael S. Serrill, Laurence Zuckerman...
STAFF WRITERS: Daniel Benjamin, Lisa Beyer, Janice Castro, Howard G. Chua- Eoan, Philip Elmer-DeWitt, Guy D. Garcia, Nancy R. Gibbs, Christine Gorman, Barbara Rudolph, Michael S. Serrill, Laurence Zuckerman...
STAFF WRITERS: Daniel Benjamin, Lisa Beyer, Janice Castro, Howard G. Chua- Eoan, Philip Elmer-DeWitt, Guy D. Garcia, Nancy R. Gibbs, Christine Gorman, Barbara Rudolph, Michael S. Serrill, Laurence Zuckerman...