Word: kanzler
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Dates: during 1970-1979
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...recent CAB study of Air New England found the company's finances and cash flow to be "precarious." Founded in 1970 and controlled by Investors Fairleigh Dickinson Jr. and Robert Kanzler, the Boston-based airline carries some 500,000 passengers annually. It operates at a loss for most of the year but gambles on cashing in during the summer, when traffic triples. Despite federal subsidies of $3.7 million, it lost $2 million on revenues of $21 million in 1978, and does not expect to do much better this year...