Word: jetwash
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...your mega-merger, and raise you... Acquisitiveness in the airline industry was bound to take off in the jetwash of the proposed United-US Airways merger, but a report that honchos at No. 2 American Airlines and No. 4 Northwest have been in contact about a deal of their own - which would create a new top dog mega-carrier with nearly 30 percent market share - smells suspiciously like a bluff. "Obviously, there's a fever in the industry to consolidate for fear of getting left behind by United," says TIME business writer John Greenwald. "But it seems like the government...
...aircraft invading the domestic market. These planes belong to the latest wave of upstart airlines hoping to succeed where so many predecessors--161 in the 18 years since deregulation--have plowed under. During that time, the economics of the industry has been tossed around like so much paper in jetwash. And airfares have followed suit. Prices have taken off in "fortress" markets like Denver, where one or two majors have pounded competitors; in California, where the terminals are more crowded, the fares have sunk low enough to give the bus company fits--and ensure losses for nearly everybody...
...Baker and his followers ran into a flight of eight MIG-15s. Two of the MIGs turned tail and headed for the Yalu. Taking out after one of them, Baker edged close, fired one short burst. The shots "just sprayed the air because I was caught in his jetwash." From 1,200 ft. away, Baker fired another burst. It hit, and the MIG started smoking...
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