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Word: luxembourg (lookup in dictionary) (lookup stats)
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...truculent reaction to a series of diplomatic rebuffs at the U.N., and its reasserted plans to establish six new Jewish settlements on the West Bank. The American envoy was also concerned about the distracting influence of West European initiatives in the Middle East, including a current peace mission by Luxembourg's Foreign Minister Gaston Thorn. The Camp David negotiations, declared Linowitz sharply, are "the only game in town...

Author: /time Magazine | Title: IRAN: Score One for Linowitz | 9/15/1980 | See Source »

...down the cost of air travel across the Atlantic, tiny Icelandic Airlines was the favorite of backpacking students and budget-minded businessmen. Americans going to Europe did not mind if flights often had long layovers at the windswept airport in Reykjavik, Iceland, or if they landed only in backwater Luxembourg. Since Icelandic was not a member of the fare-setting International Air Transport Association, the "hippie airline," as it was nicknamed, hopped the Atlantic for as much as $153 less than major carriers...

Author: /time Magazine | Title: Business: A Lost Pioneer | 9/15/1980 | See Source »

...continued to boom after the line switched to nonstop jet service, which was still at cut rates. In 1977 Icelandic carried 240,000 passengers. But then came Freddie Laker's Skytrain flights and subsequent price slashing by the major airlines. Budget flyers could now skip both Reykjavik and Luxembourg and still save money. After losses of $15 million last year, Icelandair, its official name since 1979, slashed the number of transatlantic flights from 23 to 2 per week and laid off 900 of its 1,700 employees. Though it will continue European and domestic flights with a new Boeing...

Author: /time Magazine | Title: Business: A Lost Pioneer | 9/15/1980 | See Source »

Earlier this year Iceland's government gave the company a $5 million loan in the hope that the vacation season would get Icelandair aloft again. But the tourists did not return. The company also attempted a merger with Lux-air, Luxembourg's airline. That also failed to take off. Now Icelandair is negotiating to sell its elderly Boeing 727s to Yugoslavia, and it has leased its DC-10 to Air Florida. Like the flower children it once served, Icelandair is left mostly with memories...

Author: /time Magazine | Title: Business: A Lost Pioneer | 9/15/1980 | See Source »

...trying to get back to the human factor." The women hoped, said Mrs. Kennedy, that the botched rescue attempt would "not deter America's allies from continuing to support the U.S. in its actions against Iran." At week's end, they carried that message to Luxembourg, where the leaders of the European Community met to consider further joint action on the long-running crisis in Tehran...

Author: /time Magazine | Title: Nation: For the Families, a New Concern | 5/5/1980 | See Source »

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