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Social activist Alan A. Khazei '83, one of four individuals vying to be the Democratic candidate for the late Edward M. Kennedy's '54-'56 senate seat, could be the reason that Stephen Colbert may be coming to a political forum near...
Fortunately, Johnson soon quelled any suspicions of his character and found a niche in his new room. “David moved into our room and into our hearts,” said Long. “We call him our Christmas miracle… just a little late...
...after 18 months of circling, it finally landed: British Airways announced its highly anticipated merger with Iberia late Thursday, coupling BA's access to the U.S. with the Spanish carrier's routes to Latin America in one of the biggest deals in aviation history...
...merger, slated for completion late next year, is simple. BA and Iberia - combined annual revenues: $22 billion - are chasing their rivals' tails. Germany's Lufthansa, Europe's second-largest airline, has picked up smaller carriers from Austria to Switzerland in recent months. Thanks to the 2004 merger of the French and Dutch airlines, Air France-KLM is even further out in front. Troubled Iberia and BA, which both announced ugly losses over the past week, reckon eliminating duplicate services from fleet maintenance to business class lounges will save the airlines $600 million a year. That'll mean "a strong European...
...history of airline mergers, though, might suggest otherwise. Success stories - Air France and KLM in Europe; Delta and Northwest in the U.S. - are rare. Of the dozens of deals struck in the U.S. since the airline industry was deregulated in the late 1970s, most are considered flops. "I compare it to two drunks, where you assume that if they hold on to each other, they will walk straight," says Adam Pilarski, senior vice-president of U.S. aviation consultancy Avitas. He points to the bungled 2005 merger of US Airways and America West, and adds, "That's usually not the case...